devontacoleman5 devontacoleman5

09-10-2020
Business

contestada

Which of the following situations is the demand most likely to be reduced

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Sydniewing Sydniewing

09-10-2020

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

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When a market is in equilibrium, Group of answer choices producers earn profits excess demand is less than excess supply the maximum possible price is achieved