massietyena massietyena
  • 11-09-2020
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What is likely to happen if the price of a product goes up?

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abdulazeez21
abdulazeez21 abdulazeez21
  • 11-09-2020

The Demand of the product will be reduced

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Аноним Аноним
  • 11-09-2020

Answer:

If prices go up, then demand goes down because some consumers won't be able to afford them, if fewer people are purchasing them then the firms might have less profit and if demand goes down suppliers will have to reduce their production of the product.

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