Yao's Asian Market sells dragon fruit for $3 each. The store usually sells 20 dragon fruits a week. Dragon fruit is in season, and the market could maintain a steady delivery. The produce manager decides to have a sale on dragon fruit and reduces the price to $2 each. Which of these would happen?

The demand would not keep up with the supply.

The supply would not keep up with the demand.

The quantity demanded would decrease.

The quantity demanded would increase.

Question

Mathematics

Amari Maldonado

30 December, 21:25

Yao's Asian Market sells dragon fruit for $3 each. The store usually sells 20 dragon fruits a week. Dragon fruit is in season, and the market could maintain a steady delivery. The produce manager decides to have a sale on dragon fruit and reduces the price to $2 each. Which of these would happen?

The demand would not keep up with the supply.

The supply would not keep up with the demand.

The quantity demanded would decrease.

The quantity demanded would increase.

+1

Answers (1)

Know the Answer?

Deven Willis · Answer 1

The quantity demanded would increase due to the cheaper price people would want to take advantage and buy it when it was on sale. There is not enough information to determine whether the supply or demand would maintain so D is your answer.