which diagram best shows the effects of changing supply and demand on an economy?
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Answered by
15
The answer is option ‘A’
Supply increases price decreases
Example: in normal days if in state the farmers were producing good amount of grains.the price would be low and the poor can afford it.but if there is any natural disasters like flood,earth quakes,etc.. the grain which both getting cultivated or stored in a store house will get spoiled or damaged. Now here in this case,the demand is high and supply is lessso automatically the price would increase.hence proved my answer
Please mark me as the brainliest
Supply increases price decreases
Example: in normal days if in state the farmers were producing good amount of grains.the price would be low and the poor can afford it.but if there is any natural disasters like flood,earth quakes,etc.. the grain which both getting cultivated or stored in a store house will get spoiled or damaged. Now here in this case,the demand is high and supply is lessso automatically the price would increase.hence proved my answer
Please mark me as the brainliest
Answered by
3
Answer:
The Answer is D
Explanation:
I just took the test and tried the guys answer above me and it was wrong
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