Person will be marked brainliest . What happens to the price of a good or service when the SUPPLY is LOW and the DEMAND is HIGH?

Question

Fantom [35]

3 years ago

13

Person will be marked brainliest . What happens to the price of a good or service when the SUPPLY is LOW and the DEMAND is HIGH?

The price stays the same. The price goes down. The price goes up.

History

2 answers:

FinnZ [79.3K] · Answer 1 · 2021-12-14T10:37:50+03:00

FinnZ [79.3K]3 years ago

8 0

Answer:

The price goes up

Explanation:

Andrews [41] · Answer 2 · 2021-12-14T12:30:07+03:00

Andrews [41]3 years ago

5 0

Answer:

The price goes up.

Explanation:

The price goes up because when a lot of people want something there is only a couple of it is one of the times where the price raises to see whoever is willing to pay the mst gets it.