3 years ago

People are likely to pay less for an item during a shortage. True False

2 answers:

8 0

If a shortage exists, price must rise in order to entice additional supply and reduce quantity demanded until the shortage is eliminated.

kodGreya [7K]3 years ago

4 0

Answer:

False

Explanation:

If the supply for something is low and demand is high, the price will increase.

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