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29 January, 05:43

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 proc

O Companies know they can stop production and still make money on sales.

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  1. 29 January, 05:52
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    Companies know that people will be willing to spend more to get an in-demand product.
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