CIPS A6 Exam - Topic 1 Question 16 Discussion
Which of the following statements is correct about the relationship between supply and demand? (2 marks)
C) When the price of a product is high, the quantity demanded will be low and suppliers will be more willing to supply products
A) When the price of a product is high, the quantity demanded will be high and the quantity supplied will be low
B) When the price of a product is low, the quantity demanded will be low and the quantity supplied will be high
D) When the price of a product is low, the quantity demanded will be high and suppliers will be less willing to supply products.
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