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OpenStudy (anonymous):
If the demand for a product decreases, what is likely to happen?
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OpenStudy (anonymous):
Prices normally increase as demand increases and decrease as demand decreases.
OpenStudy (kidthatbro8):
i agree with @issues101 ; with low demand, prices do go lower.
OpenStudy (baconbits):
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OpenStudy (baconbits):
The demand curve shifts left, and both quantity and price decrease. Suppliers are left with a surplus of goods.
OpenStudy (anonymous):
i agree with BaconBits
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