select the correct answer. what happens when demand exceeds supply? a. prices decrease b. prices increase c…

select the correct answer. what happens when demand exceeds supply? a. prices decrease b. prices increase c. prices remain stable

select the correct answer. what happens when demand exceeds supply? a. prices decrease b. prices increase c. prices remain stable

Answer

Brief Explanations:

When demand exceeds supply, there is a shortage of goods or services. Sellers can charge higher prices due to the competition among buyers for the limited available quantity. This leads to an increase in prices.

Answer:

B. prices increase