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.

Explanation:

D. Scarcity is a fundamental condition of limited resources, not a direct result of a price increase, eliminating option B.

Answer:

D. Scarcity is a fundamental condition of limited resources, not a direct result of a price increase, eliminating option B.