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goji.go goji.go
wrote...
Posts: 5977
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11 years ago
Prices become higher when a unique and highly desirable item is auctioned ________.
A) because the supply and demand are equal
B) because the demand is higher than the supply
C) because the supply is higher than the demand
D) because the supply and demand are kept unknown
E) because the demand is lower than the supply
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3 Replies
Diesel

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bbb
wrote...
#1
11 years ago
B) Prices increase depending on demand, therefore, the greater the demand the higher the price. If similar or identical items are offered for auction, there is less demand, therefore, the selling price is likely to be lower than for the unique and highly desirable item.
goji.go Author
wrote...
#2
11 years ago
Thanks Smiling Face with Open Mouth
Diesel
bbb
wrote...
#3
10 years ago
Glad to help, mark it solved!
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