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Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the price per pumpkin to $4. How will the d…

Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the price per pumpkin to $4. How will the d…
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Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the price per pumpkin to $4. How will the demand for pumpkins change?

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User JayTaph
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4 votes
per the Law of Supply and Demand, the deman will raise as the price decreases, and vice versa. if the price were to increase again, the demand would lower
answered
User Uchechi
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8.3k points
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