54:09
Why do prices increase when demand for a product is high?
O Companies know they can mak...
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History, 11.11.2020 01:00 waltzcampbell
54:09
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.
O Companies know that people will be willing to spend more to get an in-demand product.
O Companies take advantage of the demand to make people spend more money on excess products.
Companies know they can stop production and still make money on sales,
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