In a market economy, prices are determined by supply and demand. how is the price of an item affected if the supply goes down?

In neo-classical economics, if the supply of a product with demand goes down there will be a corresponding increase in the price of the product as suppliers take advantage of the demand in the market.

s the president shall be commander in chief of the army and navy of the united states, and of the militia of the several states, when called into the actual service of the united states; he may require the opinion, in writing, of the principal officer in each of the executive departments. sooo yeahhh

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