Answers Marketing -A -IC - USD232 Study Guide and QuizQuestion 10

10

QuizMultiple Choice

Study Guide and Quiz

Question 10 • Marketing -A -IC - USD232

What is likely to happen if the price of a product goes up?

Answer

A

The supply is likely to increase.

B

The supply is likely to decrease.

C

The demand is likely to cause scarcity.

D

The demand is likely to increase.

Explanation

When a product’s price rises, sellers have an incentive to offer more of it for sale, assuming other factors stay the same. This is an increase in quantity supplied, which the question describes as supply increasing. Therefore, the correct choice is “The supply is likely to increase.”

AI-written and checked against the verified answer.

Back to All Questions