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Bad White [126]
3 years ago
8

When the demand for a product is greater than the supply, prices and profits:

History
1 answer:
larisa [96]3 years ago
4 0

Answer:

They will increase

Explanation:

When the demand is high, and supply is high the prices will decrease. When supply is low, and demand is high the prices will increase. This is because if you have low supply on something, and a lot of people want your product, but you do not have enough for everyone, you will increase your price to make a greater profit. This way you can buy more supply, which will meet your demand.

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The excerpt below if from a speech by Senator Albert J. Beveridge to the US Senate on January 9, 1900.
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Based on the excerpt and the speech in it, we can infer that the American imperialists<u> saw the </u><u>Philippines </u><u>as a </u><u>useful base</u><u> for </u><u>increasing American trade</u><u> with </u><u>East Asia.</u>

The views of the American imperialists were that:

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In conclusion, the imperialists viewed the Philippines as a gateway to the East.

<em>Find out more at brainly.com/question/16384818. </em>

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