Question

Select all the correct answers.

Which three statements are true as they relate to supply and demand?
As supply rises, prices generally decrease.
As demand decreases, costs generally increase.
OOOOO
As supply decreases, prices increase.
The average rate of change describes how much a quantity changes as price increases.
As demand rises, the price of the product decreases.

Answer 1

As supply rises, prices generally decrease.

As supply decreases, prices increase.

The average rate of change describes how much a quantity changes as price increases.

Explanation:

I beleve these are your 3 answers