asked 71.1k views
5 votes
HELP!!!! If supply increases, what is likely to happen to the price?

1 Answer

5 votes

When supply increases, the most likely result is the price will lower. This is based on the concept of supply and demand, so when demand goes up and the supply goes down, the price goes up. If the Demand goes down but the supply goes up, the price lowers.

answered
User Ralph
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.