Question

How does mass production influence the price of goods?

Prices will fluctuate depending on demand.

Prices will decrease due to higher efficiency.

Prices will decrease due to less supply.

Prices will increase due to higher labor costs.

Answer 1

b) prices will decrease due to higher efficiency

Answer 2

Prices will decrease due to higher efficiency.

Step-by-step explanation:

Mass production implies speed and efficiency since you're making and assembling things at a quicker rate. It also means loads of items are being manufactured, and the more you have of something, the less it will cost due to the law of supply and demand.