7. What happens to supply and demand when price goes up (rises)? O Price Rises Supply goes down, demand goes down. %3D O Price Rises = Supply goes up, demand goes up. %3D O Price Rises Supply goes up, demand goes down. %3D O Price Rises Supply goes down, demand goes up. %3D

icon
Related questions
Question
7. What happens to supply and demand when price goes up (rises)?
O Price Rises Supply goes down, demand goes down.
O Price Rises Supply goes up, demand goes up.
O Price Rises Supply goes up, demand goes down.
O Price Rises = Supply goes down, demand goes up.
%3D
8. What happens to supply and demand when price goes down (lowers)?
Price Lowers = Supply goes down, demand goes down.
%3D
Price Lowers = Supply goes up, demand goes up.
%3D
O Price Lowers Supply goes up, demand goes down.
O Price Lowers = Supply goes down, demand goes up.
%3D
Transcribed Image Text:7. What happens to supply and demand when price goes up (rises)? O Price Rises Supply goes down, demand goes down. O Price Rises Supply goes up, demand goes up. O Price Rises Supply goes up, demand goes down. O Price Rises = Supply goes down, demand goes up. %3D 8. What happens to supply and demand when price goes down (lowers)? Price Lowers = Supply goes down, demand goes down. %3D Price Lowers = Supply goes up, demand goes up. %3D O Price Lowers Supply goes up, demand goes down. O Price Lowers = Supply goes down, demand goes up. %3D
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer