What happens to prices when there is high demand for a product?

What is the effect on prices when there is low supply of a product?

What happens to prices when there is an oversupply of a product?

If the demand for ice cream increases during the summer, what will likely happen to the price of ice cream?

What happens to prices when the supply of a product increases?

If a new technology makes it cheaper to produce smartphones, what is likely to happen to the price of smartphones?

What happens to prices when there is a limited edition release of a popular toy?

When a new fashion trend becomes very popular, what is likely to happen to the prices of clothing items that follow that trend?

If there is a sudden shortage of avocados due to bad weather affecting the harvest, what is likely to happen to the price of avocados?

What is the impact on prices when the demand for a product decreases significantly?

What happens to the price of a product if there is a high demand for it?

What is supply?

If there is a surplus of a product, what is likely to happen to the price?

What happens to the price of a product if there is low demand for it?

What is demand?

If the price of a product goes up, what usually happens to the demand for that product?

Why might a company decide to lower the price of their product?

What is a shortage?

What is a key factor that determines the price of a product in a market?

How does competition among sellers affect prices of products?