susflavidlaurendre susflavidlaurendre

12-03-2016
Business

contestada

What would prices do if a product was abundant?
a. drop
b. rise
c. stay the same
d. give a better value

Respuesta :

alexjenkinson2 alexjenkinson2

13-03-2016

Prices would drop due to the flooding of the market on the one product. The economy revolves around the concept of Supply and Demand. When supply is low, and demand is high, prices will be driven up. and Visa Versa

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