curlyheadarlyn
curlyheadarlyn curlyheadarlyn
  • 03-11-2016
  • Social Studies
contestada

why do lower prices increase the demand for product or services

Respuesta :

charlestona81
charlestona81 charlestona81
  • 03-11-2016
The supply and demand model states that the price of a good will be the level where the quantity demanded equals the quantity supplied

Answer Link
Аноним Аноним
  • 03-11-2016
This is because when things have a lower price, more people start buying that product. And when more people start buying that product, more of that product needs to be produced. It's basically cause and effect.
Answer Link

Otras preguntas

an example of respect for the idea of diversity is
What is the domain of the function y= cube root of x -1?
4⁄8 + ¼ = ? What is the correct answer to this problem? a.   1b. 3/4c.  2⁄8d.   5/8
what do phases mean!?Plz Help Me This Is A Proyect
What should u do if you see lightning while you are outside exercising
What would the answer be?
A tank in the shape of a rectangular prism measures 5 decimeters by 2 decimeters by 23 decimeters. The tank is completely filled with 8314.5 liters of liquid. W
In need of quick help
Productivity is _____. an economic measure of the amount of output (revenue, sales, profit) resulting from a measure of input (land, labor, capital) the abilit
PLEASE ANSWER + BRAINLIEST !! What is the value of 2|6 + p| - 3p^3 when p = -2? A. -32 B. -16 C. 32 D. 56