Ask Question
20 June, 18:32

Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the price per pumpkin to $4. How will the demand for pumpkins change?

+5
Answers (1)
  1. 20 June, 20:52
    0
    Per the Law of Supply and Demand, the deman will raise as the price decreases, and vice versa. if the price were to increase again, the demand would lower
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers