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When does the price of an item increase? A. when supply is greater than demand B. when demand is greater than supply C. when the cost of manufacturing the item decreases

Daniel King

in Social studies

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1 answer

Kevin Sutter on December 10, 2018

I think the answer is: (b) when the demand is greater than supplyWhen the demand is greater than supply, the items will become "rare" in the market.This means that due to the rarity, more people would be willing to do more economic sacrifice, to obtain the product, which lead to an increase in the price.

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