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Q.

Availability of ____ increases or decreases with the demand of the consumer.

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Detailed Solution

Availability of commodities increases or decreases with the demand of the consumers.
Availability is one of the most critical factors in a market. It decides the fate of the consumer market. If an item is available in the market in large quantities, then the price of goods becomes low. This will increase the consumers' demand. Similarly, if any item is not available in an adequate amount, its price becomes much higher. This will bring down the need for that item. In this way, the availability of goods and services affects the market price.

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