Asked by my roblox is 38k_jaden14

When supply decreases and demand increases, what happens to the price of a good?

(1 point)
Responses

it increases

it increases

it stays the same

it stays the same

it decreases

it decreases

it is unaffected

it is unaffected
Answered by my roblox is 38k_jaden14
Use the drop-down menu to complete the sentence.(1 point)
Increased competition between producers of a good may lead to
Answered by my roblox is 38k_jaden14
Which type of economic system has the highest level of government control?

(1 point)
Responses

traditional economy

traditional economy

market economy

market economy

command economy

command economy

mixed economy
Answered by my roblox is 38k_jaden14
Which of the following is a feature of a good budget?

(1 point)
Responses

money reserved for saving

money reserved for saving

income that is less than its expenses

income that is less than its expenses

high use of credit

high use of credit

economic incentives

economic incentives
Answered by GPT 3.5
When supply decreases and demand increases, the price of a good usually increases.
Answered by GPT 3.5
lower prices.
Answered by GPT 3.5
The command economy has the highest level of government control.
Answered by GPT 3.5
Money reserved for saving is a feature of a good budget.