How might a drop in price for washing machines affect the demand for dryers?

The demand for dryers would have no relation to the changing prices of washing machines.
The demand for dryers would most likely increase as the price for washing machines dropped.
The demand for dryers would most likely decrease as the price for washing machines dropped.
The demand for dryers would only be affected by an increase in the price of washing machines.

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22-09-2021
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How might a drop in price for washing machines affect the demand for dryers?

The demand for dryers would have no relation to the changing prices of washing machines.
The demand for dryers would most likely increase as the price for washing machines dropped.
The demand for dryers would most likely decrease as the price for washing machines dropped.
The demand for dryers would only be affected by an increase in the price of washing machines.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-05-17T11:44:45+02:00

A drop in price for washing machines will affect the demand for dryers by the demand for dryers would most likely increase as the price of washing machines dropped. Option B. This is further explained below.

What are demand and supply?

Generally, demand and supply is simply defined as the quantity of a commodity, product, or service available and customer demand for it, as variables influencing its price.

In conclusion, the demand and supply and supply chain stipulate how prices vary.