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English, 20.06.2020 10:57 Tahliyah9420

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.
Companies know that people will be willing to spend more to get an in-demand product.
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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Why do prices increase when demand for a product is high? O Companies know they can make more money...
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