Increased demand for a product or service will usually result in lower prices for the item.
Correct Answer:
Verified
Q1: Inflation is likely to result from:
A)lower demand
Q2: Reduced spending causes unemployment from staff reduction.
Q3: Opportunity costs may be viewed only in
Q4: Inflation reduces the buying power of the
Q5: Economics is the study of using money
Q7: Higher consumer prices are likely to be
Q8: Who is most likely to benefit from
Q9: Present value is often referred to as
Q10: Gross Domestic Product (GDP) measures the total
Q11: Time value of money refers to changes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents