You notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next?

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06-09-2022
Business

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You notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next?

Sagot :

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chilljain33 chilljain33 · Answer 1 · 2022-09-13T04:26:02-04:00

When there is a condition that juice is being sold for much higher prices than in the past, one can expect lowered demand and increased supply for juice to happen next.

What is the significance of a demand?

A demand is a phenomenon which has an indirect relationship with the price of such product. Thus, when price of a product, such as juice, increases, its demand naturally decreases with an increase in the supply of the juice. There may also be a shift in the demand for alternatives to juice being increased.

Therefore, the significance regarding demand has been aforementioned.

Learn more about demand here:

https://brainly.com/question/10489478

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You notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next?

Sagot :

What is the significance of a demand?

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