When supply is higher than demand, prices will

Orise until the demand falls.

O rise until the supply falls.

O fall until the demand rises.

fall until the supply rises.

Question

Business

Maddison Sawyer

28 November, 12:42

When supply is higher than demand, prices will

Orise until the demand falls.

O rise until the supply falls.

O fall until the demand rises.

fall until the supply rises.

+2

Answers (1)

Know the Answer?

Savage · Answer 1

When supply is higher than demand, prices will fall until the demand rises.

Explanation:

The demand is the situation that arises when the requirement of the product is high but the supply of the product is less. Increase in demand of the product may cause increase in price of the product.

Excess supply of goods can cause fall in price of the goods. According to law of supply, if the cost of the product is high the supply of the product will be made high by the suppliers.

The factors affecting the cost of production of goods are taxes and input cost.

When supply is higher than demand, prices willOrise until the demand falls.O rise until the supply falls.O fall until the demand rises.fall until the supply rises.

When supply is higher than demand, prices will

Orise until the demand falls.

O rise until the supply falls.

O fall until the demand rises.

fall until the supply rises.