The decrease in the scarcity of a product usually results in:
A) more colors being available.
B) more stores selling the product.
C) an increased number of sizes.
D) lower prices.

Question

Quizplus · Accepted Answer

When the scarcity of a product decreases, there is an increase in its supply. As a result, the competition among sellers increases and they tend to lower their prices to attract more customers. Therefore, the decrease in scarcity usually results in lower prices.

The Decrease in the Scarcity of a Product Usually Results