Question

If business owners want to increase demand for their goods and services, what is the best action for them to take?

Answer 1

Answer:

I would say the correct answer is Decrease their prices.

Explanation:

The Law of Supply and Demand determine the market prices and value of the goods being traded. According to the Law of Demand states that when prices are higher, buyers will demand less of the good. So if the business owners want to increase demand for their goods and services, they should decrease their prices so that the demand will increase and more buyers will want to acquire their goods or services.