Question

If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual photos of every item for sale to be posted instead of a manufacturer's stock picture of the product, both the demand and supply of products in good condition will shift due to the improved information. If supply shifts by more than demand, quantity will _____________ and price will _____________.A. decrease, be indeterminateB. increase, be indeterminateC. increase, decreaseD. decrease, increase

Answer 1

Answer:

D. decrease, increase

Explanation:

If actual pictures are used ,the demand and supply of products in good condition would increase.

But if the supply increases more than the demand, there would be excess supply.

When there's excess supply, quantity increases and price falls.

I hope my answer helps you.