9
QuizMultiple Choice

The Law of Supply and Demand

Question 9 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

How might a drop in price for washing machines affect the demand for dryers?

Answer
A
The demand for dryers would have no relation to the changing prices of washing machines.
B
The demand for dryers would most likely increase as the price for washing machines dropped.
C
The demand for dryers would most likely decrease as the price for washing machines dropped.
D
The demand for dryers would only be affected by an increase in the price of washing machines.
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