Choose the statements that correctly describe the result a price change will have on the supply of or the demand for a product. increases in government regulations will cause producers to charge less for their goods. when productive resources decrease in price, producers will make more of a product. a decrease in the price of a complementary good will cause an increase in the price for the other product. a price set above equilibrium price is called a price floor. increases in the number of sellers of a product will cause a decrease in the equilibrium price of that product. a price ceiling is the maximum amount of a product a person is willing to pay for a good or service. submit answers