7
QuizMultiple Choice

The Law of Supply and Demand

Question 7 • 2102320-Economics HONORS - Edgenuity Teacher

How do lower prices tend to affect demand?

Answer
A
They tend to increase the availability of a product.
B
They tend to decrease the availability of a product.
C
They tend to increase the interest in a product.
D
They tend to decrease the interest in a product.

Explanation

When a product’s price falls, more consumers are usually willing and able to buy it, so demand tends to rise. In these choices, increased interest in the product best describes that effect. Lower prices do not directly mean the product becomes more or less available.

AI-written and checked against the verified answer.

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