hoodbarcode166 hoodbarcode166

02-10-2018
Physics

contestada

If there is an increase in demand for a product, and that is the only thing that changes, what will that do to the price of the product?

Respuesta :

chessnes79 chessnes79

02-10-2018

I believe that the price will rise.
Hope this helps!

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DerrickStalvey DerrickStalvey

18-09-2019

Answer:

Price will also increase.

Explanation:

If there is an increase in demand for a product, keeping other factors constant, price of product will also rise. According price demand curve demand of a product and price of product in direct proportional relationship with each other. So as demand of any product increases, its price will also increase simultaneously.

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