answersLogoWhite

0


Best Answer

goes up

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happens to the cost when an item becomes scarce?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When an item becomes scarce how is the cost effected?

goes up


When an item becomes scarce how is the cost affected?

the price goes up


When an item because scarce how is the cost affected?

If a product is scarce, meaning you have more 'buyers' than product the price will usually go up somply because some people will offer more to get their hands on the limited supply.


How can you get back an item Pawned which was lost due to nonpayment?

You sign a contract to make payments on the item you pawn and you are given terms and conditions including what happens if you do not make the payments as agreed. Once this happens the pawn shop becomes the owner of the item and is free to sell it. Obviously they sold it. You are SOL.


In economics what clue tells you if an item is more scarce than another item Give an example?

i don't know the answer that's too bad


How do scarce resources influence you personally?

Black Friday is a perfect example of how people react to scarce resources. They become overtly violent, protective of their space, and will hoard the smallest item.


An item cost 20.00 with 25 percent off what is the cost of the item?

16


How much will your item be it it cost 200.00 and you get 15 percent off?

The item will cost 170.00


What would the item cost if it were on sale for25 percent off?

Multiply the cost by 0.75 and that is the sale cost of the item.


What is considered the net cost?

The net cost of an item is the cost of the item after any discounts or returns and before any tax


What happens when the price of item a increases?

the supply of the item will decrease


How do you find the total cost of a item with tax?

First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.