2.

Buyers are not willing to pay the price a seller is

charging for telephones. According to the rules

of supply and demand, which of the following is

most likely to happen?

A. Buyers will make their own telephones.

B. Buyers will attempt to barter for telephones.

C. The seller will lower the price of telephones.

D. The seller will increase the production of

telephones.

Question

History

Haven Cobb

8 January, 17:57

2.

Buyers are not willing to pay the price a seller is

charging for telephones. According to the rules

of supply and demand, which of the following is

most likely to happen?

A. Buyers will make their own telephones.

B. Buyers will attempt to barter for telephones.

C. The seller will lower the price of telephones.

D. The seller will increase the production of

telephones.

+4

Answers (1)

Know the Answer?

Rodolfo Kline · Answer 1

According to the rules of supply and demand, the seller will lower the price of telephones.

Supply and demand is the relationship between how many items providers want to sell at a given price and how many items consumers are willing to buy.

If buyers are not willing to pay the price the seller charges for the telephones, the demand decreases, because interest in the product decreases. If the demand is lower, the way to rebalance the provider-purchaser relationship is for the provider to lower the prices.