The decrease in the scarcity of a product usually results in
A) an increased number of sizes.
B) more colors being available.
C) lower prices.
D) more stores selling the product.

Question

Quizplus · Accepted Answer

When the scarcity of a product decreases, it usually leads to an increase in supply. This increase in supply often leads to a decrease in prices as there is more product available in the market. Therefore, the correct choice is C, lower prices. The other options (increased number of sizes, more colors being available, and more stores selling the product) may or may not happen as a result of a decrease in scarcity, and are not necessarily related to the price of the product.

The Decrease in the Scarcity of a Product Usually Results