Steve sells lemonade at the corner of a busy street. He charges $1.50 for a cup and easily sells 200 cups a day. However, one afternoon another lemonade stand appears across the street, advertising lemonade for $1.00 a cup. Steve starts losing customers. In order to encourage customers to return, he changes the price of his lemonade to $.95. What law of supply and demand applies to Steve’s business? a. Price increased because supply decreased b. Price decreased because demand decreased c. Price increased because demand decreased d. Price decreased because supply inscreased

the answer is b your wellcome UwU

Explanation:

the second significant cause of the great migration was the desire of black southerners to escape segregation, known euphemistically as jim crow. rural african american southerners believed that segregation - and racism and prejudice against blacks - was significantly less intense in the north.

increases in demand are shown by a shift to the right in the demand curve. this could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.

which the answer is:

b