Social Studies

Dustin Hess

17 February, 06:31

In which of the following situations would the price of a good be most likely to decrease?

.

a. the development of a new energy source reduces production costs for a company.

.

b. consumers start using more of a good because the quality has increased significantly.

.

c. a rise in demand happens too quickly for producers to increase production to keep up.

.

d. an increase in production costs results from a sudden increase in wages.