Question

what if the price of your favorite chocolate bars was decreased by 50%, what will you do? will you buy more than usual or not?​

Answer 1

HELLO DEAR,

GIVEN:- what if the price of your favorite chocolate bars was decreased by 50%, what will you do? will you buy more than usual or not?

ANSWER:- If the price of my favorite chocolate bars decreased by 50% then definitely i buy more chocolates(2 chocolate in same amount).If the price decrease then demands increased.

THANKS.

Answer 2

When the price of the chocolate bars was reduced by 50%, then I will buy more than usual.

Because:

1. If the price falls then the demand rises. If the price rises then the demand falls.

• When the price of the chocolate bars was reduced by 50%, then consumers buy more than usual.

• On the other hand, if the price rises then the supply also rises by suppliers. If the price falls then the supply falls by suppliers or producers.

• when the demand of the goods is equal to the supply of goods then it is known as Equilibrium.