Question

When certain consumer products are in high demand, producers might buy extra materials and equipment and when demand subsides, producers will cut back on their material purchases. This describes ____ demand. Group of answer choices

Answer 1

Answer:

Fluctuating demand

Explanation:

Fluctuating demand is when demand for a good or service changes over time.

fluctuating demand can be caused by :

1. Seasons: some goods are demanded more in some seasons.

2. Taxes : The higher the tax on a product, the lower the quantity demanded.

3. Price of the good

I hope my answer helps you