Question

Why do businesses study supply and demand?

A. To figure out how much to charge for products

B. To decide whether to support a command economy

C. To increase the amount of scarcity in a country

D. To increase the opportunity cost of making a new product

Answer 1

A. To figure out how much to charge for products

Step-by-step explanation:

The amount a business should charge for a product is greatly dependent on supply and demand.

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