51.9k views
2 votes
The price of an item will go up if the supply decreases. True False

2 Answers

3 votes

Answer:

The answer is true.

Step-by-step explanation:

When the supply decreases the price increases and because when there is less to buy the price goes u to gain money to buy the supplies.

Hope this helps.

User Sumit Deo
by
7.5k points
2 votes

Answer:

true

Step-by-step explanation:

supply and demand if there were less of something people would pay more because there is less and they want it

User Arash Mohammadi
by
7.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.