asked 229k views
18 votes
What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the sam

asked
User Capo
by
7.5k points

1 Answer

8 votes
Because due to increase in the price of the product the consumer demand for this product decreases.
answered
User Secretshardul
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.