Ask Question
Today, 17:54

Why do prices increase when demand for a product is high?

O Companies know they can make more money by selling fewer products at higher prices.

Companies know that people will be willing to spend more to get an in-demand product.

Companies take advantage of the demand to make people spend more money on excess proc

O Companies know they can stop production and still make money on sales.

+3
Answers (1)
  1. Today, 18:51
    0
    Companies know that people will be willing to spend more to get an in-demand product.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why do prices increase when demand for a product is high? O Companies know they can make more money by selling fewer products at higher ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers