Practicing Success
Practicing Success
CUET Preparation Today
| What do rising prices indicate in a market? |
Increased availability of goods. Lower demand for goods. Decreased scarcity of goods. Greater scarcity of goods. |
| Greater scarcity of goods. |
| When the price of a good rises, it indicates that the good is becoming scarcer. The rising price serves as a signal to consumers to use the good more efficiently and make decisions based on its availability. |
