2 years ago

A raise in the price of a product causes _____.

2 answers:

8 0

The answer to the question is (B) an increase in competition.

This is because when price increases for a product, consumers might choose to change to products from other competitors which are cheaper. This situation would not decrease supply; it would instead increase supply due to the decrease in demand from consumers who are more reluctant to buy the products due to the price increase.

yulyashka [42]2 years ago

5 0

The raise in the price of a product causes an increase in competition.

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