Lilli381
Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Suppose a good or service is highly desired, but the quantity supplied is limited. How does the competition among consumers affect profits for the selling firms?

Sagot :

Th prices rise up as their is high demand and low supply, meaning it will increase the net profit. The profit rises as consumers will be willing to buy the goods at any cost.