The correct response is:
The demand for the product is higher than the supply.
This means that when demand exceeds supply, prices tend to rise, making goods and services more expensive.
Multiple Choice
Why are some goods and services more expensive than others?
(1 point)
Responses
The supply of and demand for the product are equal.
The supply of and demand for the product are equal.
The demand for the product is higher than the supply.
The demand for the product is higher than the supply.
The supply of the product is higher than the demand.
The supply of the product is higher than the demand.
The demand for the product is lower than the supply.
The demand for the product is lower than the supply.
1 answer