isagut343 isagut343

11-09-2021
Social Studies

contestada

According to the economic concept of supply and demand, producers will obtain the highest price for their products when?

Respuesta :

irock792 irock792

11-09-2021

Answer:

When supply is low and demand is high.

Explanation:

Example: The current GPU shortage.

Sellers have been selling them for $2,000 instead of the retail price (which is wayy lower) due to high demand and low supply.

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