Register

Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to th…

Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to th…
asked 54.3k views
1 vote
Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to the price of that gear according to the Law of Supply and Demand?

A) Price is going to go up
B) Price is going to go down
C) Price is going to stay the same

asked
User Alivin
by
7.9k points

1 Answer

4 votes

putting the law of demand and supply into consideration, price is going to go down

answered
User Webduvet
by
8.2k points
← Prev Question Next Question →

Related questions

User Thisbytes
asked Sep 5, 2024 60.5k views
Nike sells shoes, clothing, and athletic gear. These represent the breadth of Nike's products t f
Thisbytes asked Sep 5, 2024
by Thisbytes
7.1k points
1 answer
2 votes
60.5k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!