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 of the following is not a type of renewable resource? solar wind forests petroleum
plsplsplssplslslpslpslplpslslpslps
Find the volume of the solid below.
Rosa saved up her money and bought a model train. Each of the 8 cars on the train was the same length. When Rosa put all the cars together, the train was 3 feet
I need helppppp plzzzzzzzz
please help!! i really need to answer this so i pass!
Use the following information to determine this company's cash flows from financing activities. a. Net income was $465,000. b. Issued common stock for $73,000
help me please :) i will thank you
why energy is like power consumed. Prove mathematically​
Write a compare-and-contrast analysis to compare the way two different texts present similar ideas. << Read Less StylesNormal