When supply decreases and demand increases, what happens to the price of a good?
(1 point)
Responses
it increases
it increases
it stays the same
it stays the same
it decreases
it decreases
it is unaffected
2 answers
When supply decreases and demand increases, the price of a good usually increases.
Use the drop-down menu to complete the sentence.(1 point)
Increased competition between producers of a good may lead to
Choose:
a decrease in profit
an increase in price
a drop in demand
a rise in taxes
Increased competition between producers of a good may lead to
Choose:
a decrease in profit
an increase in price
a drop in demand
a rise in taxes