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Generally, a seller can charge a higher price for a product when Blank______. Multiple choice question. demand for the product is high the product has a lot of substitutes demand for the product is inconsistent the product is in the later stages of its life cycle

Respuesta :

Generally, a seller can charge a higher price for a product when demand for the product is high.

What is demand?

Demand is the quantity of goods or services that an individual can afford or Pay for at a given period of time.

The quantity of goods demanded for will determine the supply and if the demand is higher than the amount of goods will also be increased.

Therefore, Generally, a seller can charge a higher price for a product when demand for the product is high.

Learn more on demand here,

https://brainly.com/question/1139186

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