Question

Write either increase or decrease in the blank to make this a true statement.

In supply and demand economics, LOWER prices will ___________ demand, and therefore will _____________ supply, but HIGHER prices will _____________ demand, and therefore __________ supply.

Answer 1

[AI-generated answer — Bot GPT 3.5]

In supply and demand economics, LOWER prices will increase demand, and therefore will decrease supply, but HIGHER prices will decrease demand, and therefore increase supply.

Answer 2

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

In supply and demand economics, LOWER prices will increase demand, and therefore will decrease supply, but HIGHER prices will decrease demand, and therefore increase supply.