If a manufacturer has a shortage of a popular product what will likely happen to the price of the product

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asked Feb 5, 2020 142k views

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Igor Pejic · Answer 1 · 2020-02-11T15:21:15+0000

Answer: The price of the popular product will increase.

Step-by-step explanation:

Since it is stated that the product is popular. It means that it has vaule to most therefore when the price increases most will still buy as long as it is in reason.

If a manufacturer has a shortage of a popular product what will likely happen to the price of the product

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