Question

At the lowest price for a product, consumers will demand the _____ goods and services, and producers will supply the _____ goods and services. most, most least, most most, least

Answer 1

The correct answer is Most, Most

Step-by-step explanation:

At the lowest price for a product, Consumers will demand the most goods and services, and producers will supply the most goods and services.

As the price of any commodity falls the audience or customers tend to buy more and hence the demand increases. When the demand increases the supply needs to be increased as well. To Achieve an equilibrium it is important to balance the demand and supply.

Answer 2

most / least

Step-by-step explanation:

According to the Law of Supply and Demand, the sale of goods and services will be according to the price charged. For consumers, the lower the price the higher the amount consumed and the higher the price the lower the consumption. In contrast, for suppliers, the lower the price, the lower the quantity supplied and the higher the price, the greater the quantity supplied. This makes perfect sense because price acts as a stimulus to economic agents. Consumers want to buy at lower prices to save and suppliers want to sell at a higher price and increase their profit.