Question

Plz help medal+fan


Why would it benefit a company to restrict its supply of a product to consumers when consumer demand for the product is high?

A. It will reduce the cost of production.

B. It will increase the cost of production.

C. It will increase the price of the product.

D. It will not affect the price of the product.

Answer 1

I say C

Answer 2

thx! :)

Answer 3

lets say that technology company A, B, and C all want lots of product X. but the supplier is only making half of what all the stores want. the supplier can then charge lots more because the stores are willing to pay more to get the product and can in turn charge more to the customers.

Answer 4

ohh ok

Answer 5

hope the explanation made sense :)

Answer 6

it did thx :)

Answer 7

your welcome!