question 10 of 10\nmartin has a clothing store and he has managed to get the only pair of sneakers that…

question 10 of 10\nmartin has a clothing store and he has managed to get the only pair of sneakers that everyone wants to buy. how is he most likely going to price these shoes?\nhe will keep the price the same as his other shoes to be fair\nhe will lower the price since demand is very low and there is a surplus\nhe will raise the price since demand is high and supply is scarce\nhe will raise the price since demand is very low and supply is scarce

question 10 of 10\nmartin has a clothing store and he has managed to get the only pair of sneakers that everyone wants to buy. how is he most likely going to price these shoes?\nhe will keep the price the same as his other shoes to be fair\nhe will lower the price since demand is very low and there is a surplus\nhe will raise the price since demand is high and supply is scarce\nhe will raise the price since demand is very low and supply is scarce

Answer

Brief Explanations:

In economics, when demand for a product is high and supply is scarce, sellers typically raise prices to maximize profit. Martin has a unique pair of sneakers that everyone wants (high demand) and he has the only pair (scarce supply).

Answer:

He will raise the price since demand is high and supply is scarce