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If a good or service has high demsnd and a scarce supply the price is likely what?
Updated: 8/21/2019
Wiki User
∙ 6y agoBest Answer
a scarce supply of th price is what
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∙ 6y agoThis answer is:
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Related questions
When is something scarce in the supply market?
Scarcity results when the demand for a good or service is greater than its supply.
What means not enough to supply demand?
Scarce
What is a synonym for short supply?
scarce, or scarcity
Is time a scarce supply?
No, regards Louis Armstrong
What is a good sentence using the word supply?
The supply of food is very scarce in Africa.
What is a synonym for the word scarce?
Synonyms for scarce (in short supply) can include sparse, scanty, rare, meager, or limited.
A word for in short supply that starts with letter s?
scarce?
Is the food supply most scarce in the deepest ocean?
yes
What is having a supply of extra food called in history?
scarce
How do changes in supply affect prices?
When supply is plentiful, prices fall, when items are scarce, the price rises.
What is a good sentence for scarce?
If you mean a definition then 'something that is in limited supply' (:
What are the functions of price system?
1 It determines the allocation of scarce resources 2 It induce supply to respond to change in demand 3 It ration out scarce product 4 It indicate change in want 5 It is in use in the production of good and service 6 It determines the reward factors of production
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