Question

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

DEMAND is HIGH?

A. The price stays the same.

B. The price goes down.

C. The price goes up.

Answer 1

C. I really don't have an explanation for this, but I know this from a BrainPOP video. Hope I helped! ☺

Answer 2

C. The price goes up.

Step-by-step explanation:

I may not have the most reasonable explanation here but lets be honest... If your a small business selling something and you were low on stock would YOU keep the price, lower the price, or raise the price?