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lana [24]
4 years ago
11

What is likely to happen if the price of a product goes up?

English
2 answers:
Yakvenalex [24]4 years ago
6 0

The Demand of the product will be reduced

RSB [31]4 years ago
5 0

Answer:

If prices go up, then demand goes down because some consumers won't be able to afford them, if fewer people are purchasing them then the firms might have less profit and if demand goes down suppliers will have to reduce their production of the product.

Hope this helped you!

Explanation:

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