Question

To meet demand in the early 1920s, businesses and industries produced

fewer goods that were more expensive.
more goods that were less expensive.
fewer goods with less government regulation.
more goods with more government regulation.

Answer 1

The correct answer is B) more goods that were less expensive.

To meet the demand in the early 1920s businesses and industries produced more goods that were less expensive.

Doing this, companies could sell more things .probably not with the best quality. in order to be bought by many people. During the "roaring 1920s", the economy of the United States grew and was stable for almost all the decade until the Great Depression of 1929. So people had the money to spend on products and services. This way, to meet the demand in the early 1920s businesses and industries produced more goods that were less expensive. Mass production also allowed to produce more goods for fewer costs.

Answer 2

The answer is B. In order To meet the demand in the early 1920s, businesses and industries produced more goods that were less expensive.

If a product increases its demand it leads to an increase in production. Hence, This increase cuts costs allowing producers to lower their prices because there are more sales that meet buyers` new demands.