(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.
1 answer
The correct response is:
Rising prices will boost supply.
When the demand for a good or service increases, leading to rising prices, producers are generally incentivized to supply more of that good or service to the market to take advantage of the higher prices.
