Which of the following describes how changes in the prices of goods/services can lead to surpluses of goods/services? (1 point)

Question

Lower prices can contribute to surpluses of goods/services by increasing the demand for products.
Higher prices can contribute to surpluses of goods/services by increasing the supply of products.
Higher prices can contribute to surpluses of goods/services by decreasing both the demand and supply of goods/services.
Lower prices can contribute to surpluses of goods/services by increasing the supply of goods/services.

Answer 1

Lower prices can contribute to surpluses of goods/services by increasing the demand for products.