Social Studies

Barney

20 December, 23:26

In which of the following situations would the price of goods be mostly to increase? A. The level of production rises to catch up with a sudden rise in consumer demand. B. There's a sudden increase in the number of companies competing to sell the good. C. A rise in demand happens too quickly for producers to increase production to keep up. D. The development of a new energy source reduces production costs for a company.