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statuscvo [17]
3 years ago
13

6. What would happen to supply and demand if only one company had a supply of certain necessary product?

History
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer:

The demand for the company's product would skyrocket, likely inflating the prices of the product.

Explanation:

First of all, say for example you've developed a super potent pill that could cure many diseases. The demand for the pill increases and the prices go up. There's a likely chance of it getting patented due to its demand and success. But don't forget about the competition. There's also other companies that might try to imitate your recipe for their own profits. But since we're talking about just one company, that might not affect demand.

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4 years ago
Which of the following groups believed in equality of all people:
spayn [35]
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4 years ago
What was the main purpose of the march in Washington .
fomenos
In advance, hope this helps!

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This program listed the events scheduled at the Lincoln Memorial during the August 28, 1963, March on Washington<span> for Jobs and Freedom. The highlight of the </span>march<span>, which attracted 250,000 people, was Martin Luther King's "I Have a Dream" speech.
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3 years ago
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finlep [7]
The answer is A
The Jim Crow laws were meant to oppress black people and deny them equal opportunity

3 0
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