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Econ 101 quiz: 1. As a commodity becomes scarcer it's price tends to go in which direction? a. up b. down As this is an open internet test you may wish to r
by olefoo 12y ago
Econ 101 quiz:
1. As a commodity becomes scarcer it's price tends to go in which direction?
a. up
b. down
As this is an open internet test you may wish to refer to http://en.wikipedia.org/wiki/Supply_and_demand http://en.wikipedia.org/wiki/Supply_and_demand for the answer.
- vegedor 12y agoFor one, there is also critical mass. Also, it's a two way street: As the price goes up, the demand tends to go in which direction?