Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

If the demand for a good stays the same and the supply decreases, what happens as a result?
O the price increases
the price decreases
O quality of the good increases
o quality of the good decreases


Sagot :

Answer:

The price would increase.

Explanation:

Basic economics, if the amount of supply you are trying to sell, for example pillows, decreases but the demand for the pillows stays the same, then you can charge more for each pillow because you have less to sell, making the pillows rare.