Question

Everybody wants an Xbox 360 but only a small number were made in the first year it was released. In this scenario, the supply is ______ and the demand is _______. *

1. low, high
2. high, low
3. zero, high
4. low, zero

Answer 1

1. Low High

Step-by-step explanation:

supply is how much is in stock and demand is how much people want. so if few were made but everyone wants one, then you have a low supply and high demand.