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Price increses
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What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens when the supply of a product decreases?
Price increses
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
According to Adam smith What happens when demand for a product decreases?
Supply increases.
What happens when the supply of product decreases according to Adam smith?
The price increases
The supply of a product normally decreases if what happens?
The supply of a product normally decreases if a retail store offers a sale on the product. The shortage after the sale might tend to make prices rise if the product is still in high demand.
When demand decreases and supply decreases what happens?
prices go higher
If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
What happens when the price decreases in the case of a product that has elastic supply?
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What happens if a product's price decreases?
The product costs less.
What happens to supply when input cost go up?
it decreases bc consumers find a substitute product
What happen when the demand for a product?
When demand decreases, supply increases.
