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forsale [732]
3 years ago
8

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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