When Demand Is High and Supply Is Low, the Price

question 26

True/False

When demand is high and supply is low, the price of the product and/or service will increase.

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Definitions:

Appalachian Mountains

A mountain range in eastern North America, known for its rich history, biodiversity, and the Appalachian Trail.

Central U.S.

The region located in the center of the United States, characterized by its diverse geography ranging from the Great Plains to the Great Lakes.

Rock Slide

A type of mass wasting event that involves the rapid sliding down of rock masses along slopes.

Sliding Block

A model concept in geology and physics representing the movement of a rigid block over a surface due to applied forces.