Question

If a product becomes more easily available, what is likely to happen?
A.
The product will get more competitors.
B.
The cost of making the product will increase.
C.
The product will become a consumer good.
D.
The price will go down.


Please select the best answer from the choices provided

A
B
C
D

Answer 1

D

If a product becomes more easily available (supply increases), competition among sellers and greater supply typically push the market price down.