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at a lemonade stand, what would happen if the lemonade was cheap? ○ les…

Question

at a lemonade stand, what would happen if the lemonade was cheap?
○ less buyers would buy it
○ not enough information
○ you would make more money per cup
○ more buyers would buy it

Explanation:

Brief Explanations

This relates to the law of demand, which states that, ceteris paribus, a lower price for a good leads to a higher quantity demanded by consumers. A cheaper lemonade price would make it more accessible and attractive to potential buyers, leading more people to purchase it. The other options are incorrect: fewer buyers would not result from a lower price, more money per cup contradicts a lower price, and there is sufficient basic economic information to answer.

Answer:

more buyers would buy it