When demand for a good decreases, its price decreases. What is the purpose of the price decrease?
- Ato eliminate shortages
- Bto reduce consumer surplus
- Cto send a signal to producers
- Dto stimulate a further fall in demand
Economics 9708 · AS & A Level · Income elasticity of demand
When demand for a good decreases, its price decreases. What is the purpose of the price decrease?