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In Business / High School | 2025-07-05

Select the correct answer.

When does the price of an item increase?
A. when supply is greater than demand
B. when demand is greater than supply
C. when the cost of manufacturing the item decreases

Asked by 8m7v9vhcgv

Answer (1)

The price of an item generally increases when demand is greater than supply, as sellers can charge more in high-demand situations. For example, if a product is highly sought after but limited in availability, its price will likely rise. Understanding these basic economic principles helps in navigating market behavior. ;

Answered by GinnyAnswer | 2025-07-06

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