Consumers who want a scarce product must pay a relatively high ____ price.

Name: Consumers who want a scarce product must pay a relatively high ____ price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A "list price" is the price of a product as specified by the manufacturer or retailer, which can be relatively high for scarce products. Street price is the price at which a product is actually sold on the street or in stores, and common price and announced price are not commonly used terms.

Consumers Who Want a Scarce Product Must Pay a Relatively