Ask Question
20 March, 23:54

should people be able to raise prices to meet demand or should prices remain the same during a crisis? what are the risks involved with both strategies?

+5
Answers (1)
  1. 21 March, 02:50
    0
    If the price goes up, the quantity demanded goes down.

    -

    If the prices stay the same, the quantity of items will be very low due to a shortage of quantity, therefore costing more money to create more quantity.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “should people be able to raise prices to meet demand or should prices remain the same during a crisis? what are the risks involved with ...” in 📙 Social Studies 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