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jewesosareb
Answered

If all other factors are equal, what is likely to happen to the demand for a

product if the price goes down? Why? Explain

Verified Answer :

meerkat18

If all other factors are equal, and the price of a product goes down, then the demand for this product will likely increase. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.

reurisoneco

Answer:

Demand will increase.

Explanation:

Demand refers to the demand for a particular good or service at a given price. In this respect, the supply and demand law states that by keeping all other factors constant, for example, the price of substitute products and the supply of the good, there will be an increase in demand for that good if the price decreases. This is because people will demand more of this good at a lower price.e.

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