Wilkowitz513 Wilkowitz513

27-09-2015
Mathematics

Answered

What might happen to a product when supply is low?

AThe price will go up.
BThe price will go down.
CThe price will stay the same.
DThe price will change very quickly.

Verified Answer :

13-05-2017

The correct option is A. When the supply of a particular product is low, the number of the item in the market will be low, the demand for the product will be greater than the supply and the price of the product will go up. Buyer will buy at an higher price compared to the time when the supply of that product is high.

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ewirvine1 ewirvine1

02-09-2020

Answer is a. The price will go up

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