In a free market economy, the supply of a particular type of basketball sneaker is low, but the demand for it is high.
How will the price of this particular type of basketball sneaker be affected?
Responses
It will remain the same.
It will remain the same.
It will fall.
It will fall.
It will rise.
It will rise.
It is impossible to know.
1 answer
The correct response is: "It will rise."
1 answer