When demand for a product falls,which of the following events would you NOT necessarily expect to occur?

Question

Quizplus · Accepted Answer

A decrease in demand does not necessarily lead to a decrease in supply. Supply is determined by factors such as production costs, technology, and availability of resources. However, if the decrease in demand is significant and prolonged, it may eventually lead to a decrease in supply as producers may reduce production or exit the market altogether.

When Demand for a Product Falls,which of the Following Events