Question

In a free market economy, the demand for a specific model of electric car is low, but the supply is high.

What will happen to the price of this specific model of electric car?



It will rise.


It will fall.


It will remain constant.


It will be set by the government.

Answer 1

fall

Step-by-step explanation:

Answer 2

It will fall.

Demand low and supply high - fall.

Demand high and supply low - high.