If the demand for a good increases without its supply increasing, what change will occur? A. deflation of the currency B. inflation of the currency C. increased price of the good D. increased inherent value of the good

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Evangeline Zavala

19 March, 16:32

If the demand for a good increases without its supply increasing, what change will occur? A. deflation of the currency B. inflation of the currency C. increased price of the good D. increased inherent value of the good

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Bobbie · Answer 1

The correct answer is C. If the demand for a good increases without its supply increasing, the price of the good will increase.

Explanation:

In case the demand for a good increases but its offer does not raise, the price of this good will rise. This happens because, as explained by the law of supply and demand, the price is the regulator of demand: if the offer does not rise, the price will go up so that the demand is regulated by itself, being able to buy the good only those who have the purchasing power.

Kathleen Rich · Answer 2

Hello.

The answer is: C. increased price of the good.

if more people buy something they wil raise the price to get more money from it. If there is a limited amount of the supply and many people need it people would spend more money for it.

Have a nice day