Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Supply and Demand
Price and Scarcity
What tends to happen to the price of a product when it is scarce and in high demand? (1 point) Responses decreases decreases increases increases stays the same stays the same falls to zero
1 answer
increases
You can
ask a new question
or
answer this question
.
Related Questions
the annual demand for a product is 800 unit a unit price of the product is #0.02. If the ordering cost is # and the holding cost
A shopkeeper marks up price of his product by 40%.if he increases the discount from 5 to 10 %,the product would decreases by
A Company has introduced a new product whose annual demand will depend on price charged. The demand of the product is
Which description defines the equation for determining customer value?
(1 point) the benefits of the product multiplied by the
Just did this quick check, here are the answers.
Sea Otter Fur Trade ( 4 questions ) 1. What tends to happen to the price of a
A change in the quantity demanded of a product is the result of a change in __________.
the price of the product the price of
Suppose that a market for a product is in equilibrium at a price of $5 per unit. At any price above $5 per unit.
A. There will be
Which description defines the equation for determining customer value?
(1 point) Responses the benefits of the product multiplied
Assume the price of product Y (the quantity of which is on the vertical axis) is R31 and the price of product X (the quantity of
What tends to happen to the price of a product when it is scarce and in high demand?