Answers Financial Literacy WMHS - Semester 1 SpendingQuestion 8

8

QuizMultiple Choice

Spending

Question 8 of 10 • Financial Literacy (WMHS) - Semester 1

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

Answer

A

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

B

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

C

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

D

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

More from this Course

10 verified answers

Employment and Education

10 verified answers

Spending

10 verified answers

Taxes