Question
I believe it is B
In a free market economy, the demand for a specific model of electric car is low, but the supply is high.
What will happen to the price of this specific model of electric car?
A It will be set by the government.
B It will remain constant.
C It will fall.
D It will rise.
In a free market economy, the demand for a specific model of electric car is low, but the supply is high.
What will happen to the price of this specific model of electric car?
A It will be set by the government.
B It will remain constant.
C It will fall.
D It will rise.
Answers
Writeacher
I disagree.
If there are <b>too many</b> of something, what will the sellers do with the price?
Raise it?
Keep it the same?
Lower it?
If there are <b>too many</b> of something, what will the sellers do with the price?
Raise it?
Keep it the same?
Lower it?
KAT
Oh, I misread the question! They'd lower it?
Writeacher
Yes, they'd lower it!