yadirachacon1118 yadirachacon1118
  • 02-04-2021
  • Advanced Placement (AP)
contestada

If the demand for a good stays the same and the supply decreases, what happens as a result?
O the price increases
the price decreases
O quality of the good increases
o quality of the good decreases

Respuesta :

jamesgabe007
jamesgabe007 jamesgabe007
  • 03-04-2021

Answer:

The price would increase.

Explanation:

Basic economics, if the amount of supply you are trying to sell, for example pillows, decreases but the demand for the pillows stays the same, then you can charge more for each pillow because you have less to sell, making the pillows rare.

Answer Link

Otras preguntas

Which equation represents a chemical equilibrium? 1)N2(l)<-->N2(g) 2)2NO2(g)<--->N2O4(g) 3)CO2(s)<-->CO2(g) 4)NH3(l)<--NH3(g)
What is the percentage decrease from 40 to 28? :)
What economic opportunity drew the most migrants to the West?
Help please what is the answer to this
Which of these would have the LEAST impact on the price of a product? A) how the product looks B) demand for that product C) cost of the factors of producti
complete this sentence with but, because, or sothe new deal saw great success.....​
Arrange the following steps that occur during drought tolerance in plants in a correct sequence. I. hormone ABA accumulation in the leaves II. causes stomata to
HELP PLEASE What is the median of the data displayed in this box and whisker plot
At my favorite computer store, there was a sale of 20% off. I bought a $300 computer. If I payed 5% sales tax, what is my total cost? *
How do u do percents greater than 100 and less then 1