The correct response is:
Rising prices will boost supply.
This is because as demand increases and prices rise, producers are generally incentivized to supply more of the good or service to take advantage of higher prices.
If the demand for a good or service increases, how will prices affect supply?(1 point)
Responses
Rising prices will decrease supply.
Rising prices will decrease supply.
Falling prices will decrease supply.
Falling prices will decrease supply.
Rising prices will boost supply.
Rising prices will boost supply.
Falling prices will boost supply.
Falling prices will boost supply.
1 answer