Answer: When Supplies Are Limited Prices Tend To Increase
Explanation: Is Supplies Are Endless, prices tend to decrease! This is because there is an infinite amount of a good and everyone can get it. There will likely be left over supplies and the demand is not high so prices will go down.
When Supplies Are Limited, Prices Tend To Increase.
The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. There are simply never enough resources to meet all our needs and desires. This condition is known as scarcity. At any moment in time, there is a finite amount of resources available. Economic goods are limited in quantity. Free goods, on the other hand, have an unlimited supply. Commodity scarcity refers to a limited number of commodities. With this, it can be concluded that the number of economic commodities that exist is still small.
Therefore, increase is the correct answer.
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