WILL GIVE BRAINLIEST!!!! What happened when the demand for scones rose?

History

2 answers:

Vera_Pavlovna [14]3 years ago

4 0

Answer:

maybe people were hungry and needed food because the prices went up and couldn't afford them

Neko [114]3 years ago

3 0

Answer:

If the demand is very high

AND

supply matches the demand OR the supply doesn't match the demand, the higher demand leads to a higher equilibrium price.

Explanation.

It depends on the law of supply and demand. If the supply matches the demand OR the supply doesn't match the demand, the higher demand leads to a higher equilibrium price. But when the demand is less but supply is excess, the prices drop.

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