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Nonamiya [84]
2 years ago
10

In which of the following situations would the price of goods be mostly to increase? A. The level of production rises to catch u

p with a sudden rise in consumer demand. B. There's a sudden increase in the number of companies competing to sell the good. C. A rise in demand happens too quickly for producers to increase production to keep up. D. The development of a new energy source reduces production costs for a company.
Social Studies
2 answers:
Molodets [167]2 years ago
7 0
C). Is correct

It’s mostly to increase Because of the rise in demand it happens too quickly for producers to increase production to keep up.
NNADVOKAT [17]2 years ago
6 0

Answer:

C

Explanation:

Due to a rise in demand, producers reduce supply, hence leading to an increase in price.

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