Ask Question
23 August, 23:45

Maria wants to buy a computer, but will get it for a better price if she waits. The price will go down when more than one company sells similar computers. Which of the following explains why the price will go down?

+5
Answers (1)
  1. 24 August, 00:06
    0
    The price should go down as with more substitute products in the market, the price elasticity of demand will increase and business will react by getting the lowest price, this is in the future when Maria can buy her computer cheaper
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Maria wants to buy a computer, but will get it for a better price if she waits. The price will go down when more than one company sells ...” in 📗 Social Studies 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