asked 335 views
5 votes
Victor is selling lemonade at a lemonade stand. It's a hot day. Victor thinks that people will be more thirsty than usual, and they will be willing to buy a larger quantity of cool beverages. Victor and the other suppliers decide to not increase the availability of lemonade and other drinks. According to the laws of supply and demand, what will likely happen to the price of beverages?

asked
User ACarella
by
7.5k points

2 Answers

2 votes
The price will go up because of an increase in demand.
answered
User EricGreg
by
9.2k points
6 votes
The answer is B, "The price will go up because of an increase in demand"
answered
User Julieann
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.