Question

What might happen to a product when supply is low?

a. The price will go up.
b. The price will go down.
c. The price will stay the same.
d. The price will change very quickly.

Answer 1

Answer is a. The price will go up

Answer 2

The correct option is A. When the supply of a particular product is low, the number of the item in the market will be low, the demand for the product will be greater than the supply and the price of the product will go up. Buyer will buy at an higher price compared to the time when the supply of that product is high.