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Question
jordan 4 travis scott purple are produced in short supply causing a massive shortage compared to the demand from the public. what will we expect to see happen? fans will get mad and stop buying jordans nike will make more until the demand equals supply the price will fall on sneaker exchanges the price will rise on sneaker exchanges
When supply is short relative to demand in a market (like the market for Jordan 4 Travis Scott purple sneakers), according to the basic economic principle of supply - demand equilibrium, prices tend to increase to balance the shortage.
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The price will rise on sneaker exchanges