Question

What is the long-term impact of population growth on supply and demand? Supply will decrease and demand will increase. Supply will remain constant and demand will decrease. Supply will increase and demand will decrease. Supply will increase and demand will increase. Supply will increase and demand will remain constant.

Answer 1

Supply will increase and demand will increase

Step-by-step explanation:

The supply and demand are connected with each other. The higher the demand, the higher the supply, and the lower the demand, the lower the supply on the market. This of course is determined by the number of consumers.

If the global population continues to grow, that means that there will be more and more consumers. The more consumers there are, the more goods will be demanded by them on the market. Since the demand will be on the rise, the producers will produce more in order to satisfy the demand, thus the supply will be on the rise.

Basically, larger population means more consumers, which in turn will result in an increase in demand, and an increase in demand will result in an increase in the supply.