How do changing prices affect supply and demand? as price increases, both supply and demand increase. as price decreases, both s

Question

3 years ago

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How do changing prices affect supply and demand? as price increases, both supply and demand increase. as price decreases, both s

upply and demand decrease. as price increases, supply decreases, but demand increases. as price decreases, supply decreases, but demand increases.

Business

2 answers:

Naya [18.7K] · Answer 1 · 2022-12-22T00:23:57+03:00

Naya [18.7K]3 years ago

6 0

Answer:

d

Explanation:

took quiz

sergejj [24] · Answer 2 · 2022-12-21T23:21:41+03:00

The price has been the deciding factor for the supply of the commodities. The decrease in the price results in a decrease in supply with increased demands.

<h3 /><h3>What is the relationship between supply and demand?</h3>

The supply has been the practice of the serving commodities in the market, while the demand has been the requirement of the commodity in the market.

The price plays a crucial role in maintaining the supply and the demand chain, as with the decrease in the price, there will be an increase in the demand and this affects the supply chain which is reduced. Thus, option D is correct.

Learn more about the supply and demand, here:

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