Why do prices increase when demand for a product is high?

2 answers:

6 0

Answer:When demand exceeds supply, prices tend to rise. ... If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. The same inverse relationship holds for the demand for goods and services.

Step-by-step explanation:

olya-2409 [2.1K]2 years ago

4 0

Answer: Because everybody wants it

Step-by-step explanation:The prices increase when the demand of a product is high because everybody wants it so the store will get more money if everybody

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