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What is the relationship between the price of apples and the demand for apples among Kevin's customers?

User Rosalind
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2 Answers

23 votes
23 votes

Answer:

As the price of apples goes up, the demand for apples goes down.

Hope this helps.

Step-by-step explanation:

User Jarod Young
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15 votes

Answer:

The relationship between the price of an apple and its demand depends on many factors. These include the type of consumer, the amount of money available to spend at a given time, and how much of the product the consumer needs. In this case, the demand for apples depends primarily on the price. If the price rises, less people will be willing to buy the product; conversely, if the price falls, more people will purchase it.

When the price increases, consumers will find alternatives to purchasing the item. They may choose to purchase other goods or services that are similar in function but not as costly, or they might find another seller who is willing to go lower.

Step-by-step explanation:

My own original answer.

User Bugster
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