TASK 1

BAHASA INGGRIS NIAGA

ELSA SALLATA PATONGLOAN
049391895

ANSWERS
of the three choices presented I chose topic number two about What will
happen to the demand If suppliers charge too much for a product.

If a supplier charges too much for a product, then it is likely that demand
will decrease. This is because consumers may feel that the price charged
by the supplier is too expensive and not commensurate with the value or
benefits provided by the product they are selling. In addition, consumers
may look for alternative products that are cheaper or find other suppliers
that offer more affordable prices, resulting in decreased demand and
benefiting suppliers who charge less.

Basically, the relationship between price and demand in economics can be

seen in the law of demand. The law of demand states that the higher the
price of a product, the lower the demand for that product, and conversely,
the lower the price of a product, the higher the demand for that product.
This law describes the inverse relationship between price and demand.
This concept of the law of demand is important in economic analysis, as it
can help manufacturers and suppliers in determining the right price for
their products.

If prices are set too high, then demand will decrease, and producers and
suppliers will lose potential sales. Conversely, if prices are too low, then
although demand will increase, producers and suppliers will not earn
enough profit to cover production costs.

I APOLOGIZE IF THERE ARE WRONG WORDS OR SENTENCES THAT I

WROTE.
THANK YOU