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

why do we need both a small and large intestine?
What happened to all of the heat Earth had when it formed
0.52 in the simplest form .
y=-2x-1 slope intercept graph
could a mixture be made up of only elements and no compounds? explain.
What is the city-state of Athens sometimes called?
Order the ratios from least to greatest: 7:2, 12:4, 20:6, 21:14, 10:5
the shaded rectangle shown below is a scale drawing of a rectangle whose area is 288 scale feet. what is the scale factor of the drawing?
What is the city-state of Athens sometimes called?
how did Assyrian,Babylonian and Persian rulers use technology to expand and unite their empires?