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According to Smith, what happens when more people want a product than there is a supply of that product? What do you think happens to the price of the product if the desire for …

According to Smith, what happens when more people want a product than there is a supply of that product? What do you think happens to the price of the product if the desire for …
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According to Smith, what happens when more people want a product than there is a supply of that product? What do you think happens to the price of the product if the desire for the product is extremely powerful?

asked
User Umesh Suryawanshi
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7.7k points

1 Answer

3 votes

The price of the product goes up because the demand is high

answered
User Michael Reneer
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8.5k points
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