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

Solve the following equation 4x (x-7) -5x (x-6)= -3 The solution is x=________ . Answer in the form a + bi
what side is shorter given two adjacent triangles
The length of a rectangle is 2 feet more than 5 its width. The perimeter is 52 feet. Find the dimension of the rectangle
Determine which sides of quadrilateral ABCD must be parallel. If angle A is 72 degrees, angle B is 108 degrees, angle C is 72 degrees and angle D is 108 degrees
the exterior angles of a triangle are in the ratio of 4:5:6. What is the least interior angle
Find the equation of the straight line passing through the point (0, 1) which is perpendicular to the line y = -2x + 2
Witch adjective best completes this sentence Los ojos de mi amigo son
How many integers between 1000 and 9999 have four distinct digits.
What is a simplified expression for (x + y) – (x – y)?
how do you rewrite 3×42 using the distributive property then find the product? I didn't understand how my teacher answered it