When people heard that there was a shortage of Furby dolls, they wanted even more of them.Because of this effect the pressure on the price of these dolls increased.The price of the dolls remained the same however.Thus, the shortage of these dolls:
A)increased.
B)decreased.
C)did not change.
D)may have increased or decreased.

Question

Quizplus · Accepted Answer

When demand increases due to perceived scarcity but prices remain the same, the shortage is likely to increase because more people want the product at the same price, exacerbating the imbalance between supply and demand.

When People Heard That There Was a Shortage of Furby