28-06-2024
Social Studies

Answered

When prices are low and availability is high, consumption:

A. increases
B. decreases
C. stops
D. slows down

Please select the best answer from the choices provided.

Answer :

GinnyAnswer GinnyAnswer

28-06-2024

Final answer:

When prices are low and availability is high, consumption increases.

Explanation:

When prices are low and availability is high, consumption increases. This is due to the law of demand, where consumers tend to buy more of a good or service when prices are lower.

For example, if the price of downloads for an iPod decreases, consumers are more likely to buy more downloads. Conversely, if prices increase, consumption decreases.

Therefore, when prices are low and availability is high, consumption generally increases.

Learn more about Effect of Price Changes on Consumption here:

https://brainly.com/question/31441136

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