Refer to the scenario above.If you are told that the increase in emerald sales was due to an increase in the supply of 1-carat commercial grade emeralds,you can conclude that commercial grade emerald prices ________.

Question

Quizplus · Accepted Answer

An increase in supply typically reduces prices, as more goods are available than the demand requires. Therefore, the increase in emerald sales due to an increase in the supply of commercial grade emeralds suggests that prices decreased.

Refer to the Scenario Above