2
QuizMultiple Choice

Equilibrium

Question 2 • 26-27 Small Business Entrepreneurship A

A low supply of a product equals _____.

Answer
A
higher prices
B
lower prices
C
the same price
D
none of the above

Explanation

When a product is in low supply, fewer units are available to meet demand. This scarcity tends to push the price up, so the correct choice is higher prices.

AI-written and checked against the verified answer.

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