A car manufacturer rolled out a new car priced at $10,000, but not many people bought it. In the context of supply and demand, how might the price of the car be affected?

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30-08-2016
Mathematics

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A car manufacturer rolled out a new car priced at $10,000, but not many people bought it. In the context of supply and demand, how might the price of the car be affected?

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McVoRTeX McVoRTeX · Answer 1 · 2016-08-30T19:01:39+02:00

McVoRTeX McVoRTeX

30-08-2016

Not a lot of people bought the new car making it undesirable dropping the price in the context of supply and demand.

The price would go down.

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virtuematane virtuematane · Answer 2 · 2019-03-26T07:12:47+01:00

Answer:

The price of the car goes down or will decrease in order to increase the demand of the supplied cars.

Step-by-step explanation:

It is given that:

A car manufacturer rolled out a new car priced at $10,000, but not many people bought it.

So, in context of the supply and demand if the the demand decreases the price of the item also decreases and hence by doing so if the price of an item decreases the demand again will increase.

Hence, with the decrease in demand:

The price of the car will decrease.