If consumers suddenly have a greater desire for energy drinks, the price of energy drinks will likely ________ and producers will ________ production.
A) increase; decrease
B) increase; increase
C) decrease; decrease
D) decrease; increase

Question

Quizplus · Accepted Answer

When demand for a product increases, prices typically rise due to higher demand, and producers increase production to meet the new demand level.

If Consumers Suddenly Have a Greater Desire for Energy Drinks