The correct response is:
Rising prices will boost supply.
When demand for a good or service increases, prices typically rise. Higher prices can incentivize producers to increase production, thereby boosting supply to meet the higher demand.
If the demand for a good or service increases, how will prices affect supply?(1 point)
Responses
Falling prices will decrease supply.
Falling prices will decrease supply.
Falling prices will boost supply
Falling prices will boost supply
Rising prices will decrease supply
Rising prices will decrease supply
Rising prices will boost supply. help
1 answer
2 answers