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In a market economy, if the supply is low and demand is high, prices should drop. Ο Α. True OB. False

In a market economy, if the supply is low and demand is high, prices should drop. Ο Α. True OB. False
asked 170k views
2 votes
In a market economy, if the supply is low and demand is high, prices should drop.

Ο Α. True
OB. False

asked
User Kristina Stefanova
by
7.7k points

1 Answer

1 vote
False

If the supply decreases while demand is high then price must increase & vice versa.
answered
User Harold Cavendish
by
7.7k points
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