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The price will skyrocket, increase, go up.
Wiki User
∙ 15y ago
Wiki User
∙ 7y agoPrices will fall when supply is high.
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What happens to prices set below market equilibrium?
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What are high prices often caused by?
low supply high demand.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What happens to prices set below market equilibrium?
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What are high prices often caused by?
low supply high demand.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Why do the prices of fresh vegetables fall when they are in season and draw supply and demand diagrams to illustrate?
It is supposed to be the optimal meeting of demand and supply. There is a high demand for fresh vegetables, which are flavorful and healthy. There is an equally high supply. Buyer and producer each meet their needs. Prices go up if supply is low, demand high. Prices go further down if supply is high, demand low.
When demand decreases and supply decreases what happens?
prices go higher
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Is maintaining high prices and cutting down on supply a standard for any type of product?
Is maintaining high prices and cutting down on supply a standard for any type of product.
What happens when supply is high and demand is high?
Then price stagnates.
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
The supply of a product normally decreases if what happens?
The supply of a product normally decreases if a retail store offers a sale on the product. The shortage after the sale might tend to make prices rise if the product is still in high demand.
