quiz\nquestion 9 of 10\nif goods or services are scarce, how will the price most likely change?\nit will…
quiz\nquestion 9 of 10\nif goods or services are scarce, how will the price most likely change?\nit will decrease a little\nit will crash a lot\nit will go up\nit will not change at all
Answer
Brief Explanations:
According to the law of supply and demand in economics, when goods or services are scarce (supply is low), and demand remains constant or increases, the price will rise to balance the market.
Answer:
It will go up