Ask Question
4 May, 13:30

If a product goes up in price, and the demand for it drops, that's products demand is?

+4
Answers (1)
  1. 4 May, 16:33
    0
    The correct answer to this question is that: If a product goes up in price, and the demand for it drops, that's products demand is low and the supply is high.

    These are the factors why the demand is low which includes: Decreased income; Decrease in price of substitution goods; Increase in price of complementary goods; and Changing consumer tastes.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a product goes up in price, and the demand for it drops, that's products demand is? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers