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kondor19780726 [428]
3 years ago
10

The price of a popular cereal was just reduced. this will most likely _____ the demand for the cereal. increase decrease keep co

nstant user: at the highest price, you would expect the demand for goods and services to be the _____. most least
Business
2 answers:
liubo4ka [24]3 years ago
8 0
<span>The price of a popular cereal was just reduced. this will most likely increase the demand for the cereal.

At the highest price, you would expect the demand for goods and services to be the least. 

Hope this answers the question. Have a nice day.</span>
kakasveta [241]3 years ago
7 0

Answer: Increase, Least

Explanation:

According to the law of demand, when the price of a goods falls, the quantity demanded for that good will increase. That is demand is inversely related to its price. The consumers buy more when the price is lowest and the least when the price is the highest.

This means that as the price of a popular cereal falls, the demand for the cereal will <em>increase</em>.

So at the highest price, you would expect the demand for goods and services to be the <em>least</em>.

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