Question

Scare supplies and high demands led to high prices

Answer 1

true

Step-by-step explanation:

if you dont have a lot of the stuff to make it and the demand for it is high the price would be high

Answer 2

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. ... If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.