Consider the nation of Wetland. In every year for the last five years, those who produced swords can sell more of their swords at lower prices. We could explain this as:
A. An exception to the law of supply and demand.
B. In terms of an increasing demand and decreasing supply.
C. By constant annual increases in supply accompanied by large annual increases in demand.
D. In terms of a strong supply curve and increasing demand.
E. All the other answers are incorrect.
1 answer
B. In terms of an increasing demand and decreasing supply.
3 answers