Which of the following events would definitely result in a higher price in the market for Snickers?

Question

Quizplus · Accepted Answer

When demand for Snickers increases and supply of Snickers decreases, this creates a situation where there are more buyers than there are sellers, resulting in a higher market price for Snickers. The increase in demand creates upward pressure on price, while the decrease in supply limits the availability of Snickers and further drives up the price.

Which of the Following Events Would Definitely Result in a Higher