Ask Question
1 April, 07:11

What would prices do if a product was abundant?

a. drop

b. rise

c. stay the same

d. give a better value

+2
Answers (1)
  1. 1 April, 07:39
    0
    Prices would drop due to the flooding of the market on the one product. The economy revolves around the concept of Supply and Demand. When supply is low, and demand is high, prices will be driven up. and Visa Versa
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What would prices do if a product was abundant? a. drop b. rise c. stay the same d. give a better value ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers