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Drupady [299]
3 years ago
12

When does the price of an item increase?

Social Studies
2 answers:
Ludmilka [50]3 years ago
8 0

I believe the answer is: B. when demand is greater than supply

When demand is greater than supply, the commodities demanded would become 'rare' in the market.

This mean that because of the rarity, more people would be willing to make more economic sacrifice to obtain the product, which lead to an increase in price.

bixtya [17]3 years ago
7 0
"When demand is greater than supply" is the situation among the choices given in the question that the <span>price of an item increase. The correct option among all the options that are given in the question is the second option or option "B". I hope that the answer has actually come to your help.</span>
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