In a market economy, what impact can a product shortage have on a product's price?

How does a product surplus influence the product's price in a
market economy?

A market shortage, in accordance with a supply and demand chart, drives up the price due to the fact that the demand would be higher than the supply.

During a product surplus, the price will go down because the supply is higher than the demand.

Explanation:

Hope this helps.

the phenomenon that would be cited as evidence of increased economic interdependence between europe and the americas is  the development of mercantilism.

this theory suggests that the wealth of a country depends on its economic assets, or capital.

hope this : )

what's the passage bud?