154k views
4 votes
In a market without price controls, supply will eventually _____ demand. Then consumers will buy all the products that producers supply. equal be greater than be less than

User Jesslyn
by
7.9k points

2 Answers

1 vote
In a market without price controls, supply will eventually _____ demand. Then consumers will buy all the products that producers supply.
The answer is - be less than
When there's no price control consumer can now buy anything they want and sooner the economy will supper the lack of supply.
User Jakozaur
by
7.4k points
2 votes

I believe the answer is: Be less than

.

Without price control, the sellers/producers tend to have the tendency to keep increasing the selling price of the product in order to maximize their profit. When this happen, the demand of that product would be decreased which resulted in over supply of the product.

User Numfar
by
7.8k points