Ask Question
20 June, 14:16

If supply decreases and demand increases, which of the following will most likely happen?

A. surplus of supply

B. price increases

C. increased cost of production

D. decreased cost of production

+3
Answers (1)
  1. 20 June, 16:47
    0
    B. price increases

    Explanation:

    as the supply decreases and demand increases the prices are increased to meet the demand and produce more
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If supply decreases and demand increases, which of the following will most likely happen? A. surplus of supply B. price increases C. ...” in 📙 Chemistry 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