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A product's price will increase the most if:

A. its supply remains the same but its demand goes down.

B. its supply declines while its demand goes up.

C. its demand remains the same but its supply goes up.

D. its supply and demand both fall at the same rate.

Respuesta :

Answer:

B

Explanation:

because if 100 people want my product and i only have 25 things of my product the price will go up so i will have money to buy the things i need to make more of my product

The price of a product will rises the most if its demand goes up and supply goes down.

Option B is correct.

What is a supply?

Supply is one of the market force which tells about how many products are being manufactured by the producers. It is in close contact with the consumer's demand of the products.

The price and demand has the direct relation with the price of a product and its demand by consumers. This means if the price goes up , then the demand also rises whereas if the price is going down, then the demand also going down. There is an inverse relation between supply and price which means If the price falls, then supply increases whereas supply decreases, when price rises.

Therefore, the situation given in option B is correct.

Learn more about the supply in the related link:

https://brainly.com/question/13296654

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