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Quick if supply is low and the demand is high the price of an item will be??

2 Answers

5 votes

Answer:

The price of the item goes up.

Step-by-step explanation:

Sellers know that people are willing to pay more to get something that is limited. It's kind of like bidding. The prices go up over a single item. So, sellers will up the price so they make more profit. It's the same vice-versa. If there are lots of an item and not a lot of demand, sellers will lower prices to try and persuade you to buy them with the low price.

Hope this helped!

User Ptd
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8.1k points
9 votes
The price of the item will rise
User Carleson
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