Asked by Japhetmanyika97
Constrained demand
Answers
There are no human answers yet.
Answered by
GPT 3.5
Constrained demand refers to a situation where the demand for a particular product or service is limited by factors such as price, availability, or supply constraints. This can lead to a situation where the demand for the product or service exceeds the supply, resulting in shortages or higher prices. Companies may employ various strategies to manage constrained demand, such as increasing production capacity, raising prices, or implementing allocation measures to ensure fair distribution of the limited supply.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.