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If demand is high enough, then yes. If not, then people would be less incline to buy it.

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Q: If there's an increase in price would demand decrease?
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How is the law of supply similar to the law of demand?

If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.


State what the law of supply and demand shows and describe how it works?

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decrease and the supply will increase.


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Prices normally increase as demand increases and decrease as demand decreases.


What happens when supply increase and demand decrease?

The price goes down.


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What happens when theres an increase in demand and a decress in supply?

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