asked 118k views
5 votes
According to the relationship between supply, demand, and price: as supply decreases, what is likely to happen to demand and price?

A.
Demand will decrease, and price will decrease.
B.
Demand will decrease, and price will increase.
C.
Demand will increase, and price will decrease.
D.
Demand will increase, and price will increase.

2 Answers

6 votes
The answer would be B
answered
User Pistolcaffe
by
7.2k points
0 votes

Answer:

D. Demand will increase, and price will increase.

Step-by-step explanation:

answered
User Andrene
by
9.1k points

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