If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
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When demand decreases, supply increases.
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
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scarcity
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
When demand decreases, supply increases.
Supply & demand
The price is raised.
When a business begins to sell its product or services for a short time in a certain section of the market to see if there is a demand for the certain product or service.