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The price increases
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Related Questions
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 demand for a product decreases?
When demand decreases, supply increases.
What happens when the supply of a product decreases?
Price increses
What happens when the supply of product decreases?
Price increses
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.
According to Adam smith what happened when the supply of product increases?
The price decreases.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
According to Adam Smith what happens when demand for a good increases?
The supply decreases.
According to Adam Smith what happens when the supply of a good decreases?
The price increases-
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.
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