Higher prices are likely to result from:
A) lower demand by consumers.
B) increased production by business.
C) lower interest rates.
D) increased spending by consumers without increased production.
E) an increase in the supply of a product.

Question

Quizplus · Accepted Answer

Increased spending by consumers without increased production would lead to an increase in demand for goods and services without a corresponding increase in supply. This would create a situation of excess demand leading to higher prices.

Higher Prices Are Likely to Result From