Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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 :

jamesgabe007

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.

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.