Question

When supply decreases and demand increases, what happens to the price of a good?

(1 point)
Responses

it increases

it increases

it stays the same

it stays the same

it decreases

it decreases

it is unaffected

Answer 1

[AI-generated answer — Bot GPT 3.5]

When supply decreases and demand increases, the price of a good usually increases.

Answer 2

[AI-generated answer — Step-by-Step Bot]

When supply decreases and demand increases, the price of a good typically increases.