Answers Global Economics The Law of Supply and DemandQuestion 4

4

QuizMultiple Choice

The Law of Supply and Demand

Question 4 • Global Economics

How do lower prices tend to affect demand?

Answer

T

They tend to increase the availability of a product.

T

They tend to decrease the availability of a product.

T

They tend to increase the interest in a product.

T

They tend to decrease the interest in a product.

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2.1 The Law of Supply and Demand