Why do prices increase when demand for a product is high?
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 proc
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 Companies know they can make more money by selling fewer products at higher ...” in 📘 History 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
Hi can u explain what the kaba is
Answers (1)
What significance did the domination of southern Spain by the Umayyad Caliphate have on Europe?
Answers (2)
What is the significance of Haymarket, Homestead, and Pullman? They were labor unlons In the late 1800s. They were labor strikes In the late 1800s. They were robber barons in the late 1800s.
Answers (2)
How far away is the sun from pluto
Answers (2)
Supreme Court justices are just like all federal judges
Answers (1)
New Questions in History
What happened to the Philippines after its rebellion against annexation failed? A. It gained independence from the U. S b. It became a communist country. C. It gained independence from Spain. D. It became U. S territory
Answers (1)
Why does Robinson Crusoe originally set out to build a castle? A. He thinks he needs protection from wild beasts and savage men. B. He thinks he needs a way to guard his food. C. He thinks he needs shelter from the rain. D.
Answers (1)
How is the Rosetta Stone key to modern-day understanding of ancient Egypt? The Rosetta Stone outlined ancient Egypt's social hierarchy. The Rosetta Stone allowed for the interpretation of hieroglyphs.
Answers (1)
What are the beliefs of liberalists
Answers (1)
What is a problem that consumers faced in the 12920s
Answers (1)