Why do prices increase when demand for a product is high?
O
O Companies know they can make more money by selling fewer products at higher prices,
Companies know that people will be willing to spend more to get an in-demand product.
Companies take advantage of the demand to make people spend more money on excess products,
O Companies know they can stop production and still make money on sales,
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why do prices increase when demand for a product is high? O O Companies know they can make more money by selling fewer products at higher ...” in 📘 Advanced Placement (AP) if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In the state of florida your first conviction for dui when there is a minor in the vehicle with you results in a fine of not less than 1000 or more then what
Answers (1)
What is the probability that a coin tossed in the air will land heads up?
Answers (2)
Discovering a treatment for lung cancer would most satisfy which of these personal benefits of work? A.) contribution B.) being with others C.) a need D.) earning money
Answers (1)
The percentage of land that can produce crops in Mexico
Answers (1)
Explain the popular saying "We are made of stardust. how are we made of stardust? use scientific vocab.
Answers (1)
New Questions in Advanced Placement (AP)
How many pages would be needed to show a million stars?
Answers (2)
How has television impacted the field of Forensic Science?
Answers (1)
Specific heat is used to explain why different substances 1.) sink or float in water 2.) change temperature at different rates 3.) vaporize or condense at different temperatures 4.) melt and freeze at the same temperature (earth science)
Answers (1)
Which of the following is true? When objects produce light energy, they sometimes produce heat energy, too. When objects produce heat energy, they always produce sound energy, too.
Answers (2)
People & Groups who supported US entry into WWI?
Answers (2)