I believe it is B
In a free market economy, the demand for a specific model of electric car is low, but the supply is high.
What will happen to the price of this specific model of electric car?
A It will be set by the government.
B It will remain constant.
C It will fall.
D It will rise.
I disagree.
If there are too many of something, what will the sellers do with the price?
Raise it?
Keep it the same?
Lower it?
Oh, I misread the question! They'd lower it?
Yes, they'd lower it!
To determine what will happen to the price of a specific model of electric car in a free market economy with low demand and high supply, we can refer to the principles of supply and demand.
In a free market economy, the price of a product is typically determined by the interaction of supply and demand. When demand is low and supply is high, there is an imbalance between the two, often resulting in a decrease in price.
Therefore, the correct answer is C: It will fall.
Explanation: In this scenario, the demand for the specific model of electric car is low, indicating that there are fewer buyers willing to purchase it. Meanwhile, the supply of the model is high, implying that there are many sellers offering the car for sale. With fewer buyers and many sellers, the competition among sellers to attract customers will likely lead to price reductions. As a result, the price of the specific model of electric car is expected to fall.