Scare supplies and high demands led to high prices

Social Studies

2 answers:

Andrei [34K]3 years ago

8 0

Answer:

true

Explanation:

if you dont have a lot of the stuff to make it and the demand for it is high the price would be high

solmaris [256]3 years ago

6 0

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. ... If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.

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