The outcome will be forecasted using the prescriptions of the law of demand. If the price of a good decreases, this will have the opposite effect on the quantity demanded by consumers, that will increase. More people would be willing to purchase the product at a lower price
In conclusion the law of demand states how price and quantity will always move in opposite directions. The only exception to the law would occur with Giffen type goods.
A) To prevent loss of jobs and livelihoods
C) To encourage the growth of new industries
E) To retaliate against unfair trade practices
If you accidentally place a 20 gauge shell in a 12 gauge shotgun it will most likely cram the barrel. This can very seriously injure the person using it and the gun immensely.
