contestada

If the demand for a product decreases, what is likely to happen?
A. The supply is likely to increase.
B. The demand is likely to be inelastic.
C. The price is likely to increase.
D. The price is likely to decrease
Please select the best answer from the choices provide

Respuesta :

Answer: D. The price is likely to decrease.

Explanation: Supply and Demand, when a product is in high demand, which means a lot of consumers want it then companies can raise the price on it. When its in low demand then they have to decrease the price in order for that product to sell.

Answer:

d. The price is likely to decrease.

Step-by-step explanation: