When a commodity is in short supply,the cost__________ .
A)remains the same
B)is near the cost of production
C)decreases
D)goes up

Name: When a commodity is in short supply,the cost__________ . A)remains the same B)is near the cost of production C)decreases D)goes up
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Question

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When a commodity is in short supply, its demand outweighs its supply, hence its cost goes up. This is because people are willing to pay more to acquire the commodity due to its scarcity.

When a Commodity Is in Short Supply,the Cost__________