235k views
0 votes
12.

Which statement BEST describes the relationship between supply and demand?
A.
A product with high demand and low supply will experience an increase in price.
B.
A product with low demand and high supply will experience no change in price.
C.
A product with low demand and low supply will experience an increase in price.
D.
A product with high demand and high supply will experience a decrease in price.

User Gracu
by
7.7k points

1 Answer

4 votes
The answer is
A. A product with high demand and low supply will experience an increase in price

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.