Answer (1)
Student Expert
29th Sep, 2019
When the demand goes high and the supply is less, the cost increases. When the demand goes down and supply is high, the cost decreases.
- Mobile phones: In the initial days, when the mobile phones were just launched, the demand was high. The supply was limited and so the prices were way high.
- Automobiles
- Manual labour
- Assets
- Customer Service
- Smart gadgets
- Flight fares
- Vacation travels
- Real Estate
- Consumer goods
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