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Which of the following statements is most likely to be true?

A. Opening a new location is the best way to increase profits
B. When a product is in high demand, a company can charge more for it.
C. Creating a new product will make a business more successful.
D. When you start a business, you will be sure to make a profit.

Respuesta :

bnuts25
B is the right answer
bharathparasad577

The correct answer is Option B, When a product is in high demand, a company can charge more for it.

Why do businesses charge such high prices?

  • A product's demand and supply - When a product is in high demand, consumers are more willing to pay more for it.
  • As a result, unless there are other businesses supplying similar products, businesses can charge a higher price for popular products.

What causes a product's price to rise?

  • Prices fall when supply exceeds demand for a good or service, according to basic economic theory.
  • Prices tend to rise when demand exceeds supply. When demand remains constant, there is an inverse relationship between supply and prices of goods and services.

Learn more about demand and supply, here-

https://brainly.com/question/2398546

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