How do changing prices affect supply and demand? As price increases, both supply and demand increase. As price decreases, both supply and demand decrease. As price increases, supply decreases, but demand increases. As price decreases, supply decreases, but demand increases.

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Clelia

25 November, 14:51

How do changing prices affect supply and demand? As price increases, both supply and demand increase. As price decreases, both supply and demand decrease. As price increases, supply decreases, but demand increases. As price decreases, supply decreases, but demand increases.

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Karissa Moreno · Answer 1

I think the correct answer from the choices listed above is the third option. Changing the prices affect supply and demand in a way that as price increases, supply decreases, but demand increases. Hope this answers the question. Have a nice day.