Which of the following will probably happen to a product when demand is low? (select the best answer) a. the price will go up. b. the price will go down. c. the price will stay the same. d. the price will change based on inflation.

I think the correct answer among the choices listed above is option B. When the demand of a product is low, most likely the price of that product will go down. When the demand is low, most likely there is an excess supply which is referred as surplus. For businesses to have profit or to breakeven, they tend to lower the prices.

Do you have options for this answer