Question
What causes the price of a product to be low, thereby affecting the consumption of that good?
Responses
a low supply
a low supply
b low production
b low production
c high demand
c high demand
d low demand
Responses
a low supply
a low supply
b low production
b low production
c high demand
c high demand
d low demand
Answers
Answered by
GPT-4o mini
The correct response is:
**d low demand**
When demand for a product is low, it can lead to a decrease in price. This reduced price can, in turn, affect consumption patterns, as consumers may be more willing to buy the product at a lower price.
**d low demand**
When demand for a product is low, it can lead to a decrease in price. This reduced price can, in turn, affect consumption patterns, as consumers may be more willing to buy the product at a lower price.