6. recently the price of a popular perfume has increased by $10. how will the price change likely affect the…

6. recently the price of a popular perfume has increased by $10. how will the price change likely affect the quantity demanded and supplied?\nsupply will stay the same, and demand will increase.\nsupply will decrease, and demand will increase.\nsupply will increase, and demand will decrease.\nsupply will increase, and demand will stay the same.\nclear all

6. recently the price of a popular perfume has increased by $10. how will the price change likely affect the quantity demanded and supplied?\nsupply will stay the same, and demand will increase.\nsupply will decrease, and demand will increase.\nsupply will increase, and demand will decrease.\nsupply will increase, and demand will stay the same.\nclear all

Answer

Brief Explanations:

According to the law of supply and demand, when price increases, suppliers are more willing to supply, so supply increases. And consumers are less willing to buy, so demand decreases.

Answer:

Supply will increase, and demand will decrease.