question 5 of 5\nmartin has a clothing store and he has managed to get the only pair of sneakers that…

question 5 of 5\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?\nselect a response.\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 5 of 5\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?\nselect a response.\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 a market - based scenario, when a product has high demand and low supply (scarce), businesses typically raise prices to maximize profit. Martin has a unique pair of sneakers that everyone wants (high demand) and he is the only one with it (scarce supply).

Answer:

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