When the supply of a commodity decreases while demand remains constant, the price increases. This happens because the scarcity of the product creates more competition among consumers for the limited available supply.
When supply of a commodity decreases, the price __________
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Question context
This question is part of 🔬 General Science within the broader 🌐 Current Affairs & GK subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.