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natali 33 [55]
3 years ago
5

Steve sells lemonade at the corner of a busy street. He charges $1.50 for a cup and easily sells 200 cups a day. However, one af

ternoon another lemonade stand appears across the street, advertising lemonade for $1.00 a cup. Steve starts losing customers. In order to encourage customers to return, he changes the price of his lemonade to $.95. What law of supply and demand applies to Steve’s business? a. Price increased because supply decreased b. Price decreased because demand decreased c. Price increased because demand decreased d. Price decreased because supply inscreased
History
2 answers:
Nataly [62]3 years ago
5 0

Answer:

the answer is b your wellcome UwU

Explanation:

OleMash [197]3 years ago
3 0

Answer:

Its B

Explanation:

i got it right in my test

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