The correct response is: Rising prices will boost supply.
When demand for a good or service increases, prices typically rise. Higher prices incentivize producers to increase supply to take advantage of the potential for higher revenue.
f the demand for a good or service increases, how will prices affect supply?(1 point)
Responses
Rising prices will boost supply.
Rising prices will boost supply.
Falling prices will decrease supply.
Falling prices will decrease supply.
Rising prices will decrease supply.
Rising prices will decrease supply.
Falling prices will boost supply.
Falling prices will boost supply.
1 answer
2 answers