Register
Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to the price of that gear according
54.3k views
1 vote
Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to the price of that gear according to the Law of Supply and Demand?

A) Price is going to go up
B) Price is going to go down
C) Price is going to stay the same

User Alivin
by
7.4k points

1 Answer

4 votes

putting the law of demand and supply into consideration, price is going to go down

User Webduvet
by
7.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.7m questions

11.4m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!