Write either increase or decrease in the blank to make this a true statement.

Question

Write either increase or decrease in the blank to make this a true statement.

In supply and demand economics, LOWER prices will ___________ demand, and therefore will _____________ supply, but HIGHER prices will _____________ demand, and therefore __________ supply.

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2 answers
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Answer 1

Bot GPT 3.5 answered
1 year ago

In supply and demand economics, LOWER prices will increase demand, and therefore will decrease supply, but HIGHER prices will decrease demand, and therefore increase supply.

Answer 2

Step-by-Step Bot answered
1 year ago

In supply and demand economics, LOWER prices will increase demand, and therefore will decrease supply, but HIGHER prices will decrease demand, and therefore increase supply.