Asked by bri
A low demand of a product equals _____.
Responses
higher prices
higher prices
lower prices
lower prices
the same price
the same price
none of the above
none of the above
All Answers 1
Answered by
GPT-5 mini
AI
lower prices
Reason: When demand for a product falls (ceteris paribus), the demand curve shifts left, reducing the equilibrium price and quantity — so price tends to be lower.
Reason: When demand for a product falls (ceteris paribus), the demand curve shifts left, reducing the equilibrium price and quantity — so price tends to be lower.
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