if the price of spaghettiincreases, thedemandforlasagna willincreaseWith everything else remaining the same, anincreaseindemandwill result in a rise in theequilibrium priceand anincreasein supply. Reduceddemandwill cause theequilibrium priceto fall and the supply to increase. Several variables affect whether a good's demand rises or falls. This comprises the cost of the product, the perceived quality, the amount spent on promotion, the income and confidence of the buyer, as well as shifts in consumer preferences and fashion. When more products are bought at the same price and the same amount is bought at a higher price, thedemandfor those productsincreases. When fewer items are bought at the same price or the same amount at a cheaper price,demanddecreases.To learn more aboutequilibrium priceclick herebrainly.com/question/28527601#SPJ4...

Unlock to view answer

Unlock full access for 72 hours, watch your grades skyrocket.

For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.