The correct statements are:<span>
</span>
<span>An increase in price leads to a decrease in quantity demanded
</span>
and
<span>A decrease in price leads to an increase in quantity demanded</span>
According to the laws of demand and supply, if the price of any product/service is increased there would naturally be less demand for such a product.
As a natural human response, we avoid products that get expensive and opt for cheaper options.
Also, if the price of a product/service decreases, there would be more demand for such a product as more people will be able to buy it.
A a result of bridging finance, extension requests is said to be more popular as borrower kept coming back to request an extension.
<h3>Why do a lot of businesses still borrow money despite the cost?</h3>
The act of borrowing is one that helps to provide businesses with a lot of added expense, which they can use for any investment that can make them to generate a lot of money than the costs it took them to borrow.
And as such, due to the above, there is more improved access or means to working capital that is needed by businesses to take advantage of new opportunities as they are said to arise.
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