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Which of the following statements best describes the interaction between supply and demand? Select the best answer from the choices provided. If the quantity demanded exceeds the quantity supplied, the price can be lowered. If the quantity demanded goes up, the quantity supplied and price will go down. If the quantity demanded exceeds the quantity supplied, the price can be raised. If the quantity demanded goes up, the quantity supplied will go up and the price will go down

Respuesta :

If the quantity demanded exceeds the quantity supplies, the price can be raised.
Martebi

The statements that best tell about the interaction between supply and demand is:

  • If the quantity demanded goes up, the quantity supplied and price will go down.

What is the case about?

Note that in a market setting, If the price of goods goes up, the quantity demanded of that goods do goes down but note that the demand itself may be the same.

Therefore, The statements that best tell about the interaction between supply and demand is:

  • If the quantity demanded goes up, the quantity supplied and price will go down.

Learn more about demand from

https://brainly.com/question/1245771

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