What happens to the price of a good or service when the SUPPLY is LOW and the DEMAND is HIGH

asked Aug 1, 2021 120k views

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by Buru

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When the demand is high and the supply is low then the price will be higher.
Hope this helped :)

Geezer answered Aug 2, 2021

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1 vote

The price of the good or service increases when the supply is low and the demand is high.

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