Question

section 1: economics
lesson 3: supply and demand
practice
you notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next? (select two answers.)
□ supply will go up
□ supply will go down
□ demand will go up
□ demand will go down

Explanation:

Higher prices incentivize producers to increase supply (profit motive). Higher prices also reduce consumer willingness/ability to buy, so demand decreases (law of demand). These are core supply-demand principles.

Answer:

Supply will go up, Demand will go down