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ahrayia [7]
4 years ago
8

Based on the laws of _________, when too much of a product is produced, the price drops. a. nature b. supply and demand c. most

states in the U.S. d. factories and farms
Social Studies
1 answer:
miv72 [106K]4 years ago
5 0

Answer:

The answer is supply and demand (Option B)

Explanation:

Based on the laws of supply and demand, when there is an increase in supply (also known as increase in production) and a decrease in demand, there would be a fall in the price of the product.

This is due to the fact that consumer's of such products would place a lower value on the produce while the manufacturers or producers would be willing to accept a lower price for it. Thus, it is in the best interests of manufacturers or producers of goods to match supply with demand.

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