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You charge a price of $5 for a pair of earrings and produce 100 pairs. At this price, consumers demand 200 pairs of earrings. This is a signal for you to _____

You charge a price of $5 for a pair of earrings and produce 100 pairs. At this price, consumers demand 200 pairs of earrings. This is a signal for you to _____
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You charge a price of $5 for a pair of earrings and produce 100 pairs. At this price, consumers demand 200 pairs of earrings. This is a signal for you to _____

asked
User LimaNightHawk
by
8.1k points

2 Answers

0 votes
The answer is to raise the price.

If you were to lower the price and/or make fewer earrings, there will be even more demand from the consumers.
answered
User Balloneij
by
8.5k points
1 vote
raise the price of your earrings
answered
User Ricky Barnett
by
7.8k points
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