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9 March, 14:12

Victor is selling lemonade at a lemonade stand. It's a hot day. Victor thinks that people will be more thirsty than usual, and they will be willing to buy a larger quantity of cool beverages. Victor and the other suppliers decide to not increase the availability of lemonade and other drinks. According to the laws of supply and demand, what will likely happen to the price of beverages?

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  1. 9 March, 15:06
    0
    The price will go up because of an increase in demand.
  2. 9 March, 15:43
    0
    The answer is B, "The price will go up because of an increase in demand"
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