Answered

IDNLearn.com connects you with experts who provide accurate and reliable answers. Find the information you need quickly and easily with our reliable and thorough Q&A platform.

Select the correct answer.

When does the price of an item increase?

A. when supply is greater than demand
B. when demand is greater than supply
C. when the cost of manufacturing the item decreases

Sagot :

GinnyAnsweridn

Final answer:

When demand exceeds supply, prices of items increase due to scarcity and competition among buyers.


Explanation:

When the demand is greater than supply, the price of an item increases due to the scarcity and competition among buyers to secure the limited quantity available. This increase in price incentivizes more suppliers to enter the market to meet the excess demand.


Learn more about Supply and Demand here:

https://brainly.com/question/32830463


We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your questions find clarity at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.