Question

what is likely to happen if the price of a product goes up?
a. the supply is likely to increase.
b. the supply is likely to decrease.
c. the demand is likely to cause scarcity.
d. the demand is likely to increase.

please select the best answer from the choices provided
a
b
c
d

Explanation:

Per basic supply and demand principles: higher prices incentivize producers to supply more (law of supply), while higher prices typically reduce consumer demand (law of demand). Option C incorrectly frames demand as causing scarcity here, and D contradicts the law of demand.

Answer:

A. The supply is likely to increase.