The ________ a good or service is, the ________ its price is likely to be.
A) more scarce; higher
B) more scarce; lower
C) more available; higher
D) more available; more unstable

Question

Quizplus · Accepted Answer

The principle of supply and demand in economics states that the scarcer a good or service is, the higher its price is likely to be due to increased demand and limited supply.

The ________ a Good or Service Is, the ________ Its

The a Good or Service Is, the Its