If the demand for a good or service increases, how will prices affect supply?(1 point)

Responses

Falling prices will decrease supply.
Falling prices will decrease supply.

Falling prices will boost supply
Falling prices will boost supply

Rising prices will decrease supply
Rising prices will decrease supply

Rising prices will boost supply. help

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
1 month ago

The correct response is:

**Rising prices will boost supply.**

When demand for a good or service increases, prices typically rise. Higher prices can incentivize producers to increase production, thereby boosting supply to meet the higher demand.