If consumers suddenly decide they no longer want to purchase hybrid vehicles, the price of hybrid vehicles 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 decreases, its price typically falls because consumers are not willing to pay as much for it. In response to the lower demand and price, producers will likely decrease production to avoid excess supply.

If Consumers Suddenly Decide They No Longer Want to Purchase