Answer:
4th President of the US: James Madison
True, the irrelevant increase in the demand making the increase in the cost of the product.
<h3>What is the negative impact of the increased demand on the cost of the product?</h3>
A rapid increase in the demand would led to the shortage of the supply.
Shortage of the supply would definitely result in the increase of the price as it has inverse relationship with the price.
Quality of the product will also fall and pollution will increase.
Learn more about the demand and supply here:-
brainly.com/question/14741584
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