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In economics, the law of supply and demand is a fundamental economic principle that states that when the demand for a product or service increases, while supply remains unchanged, prices will rise. This basic concept can be observed in many markets: from increased gas prices to skyrocketing housing costs. The law of supply and demand is also relevant when it comes to your business as an online retailer. In this blog post I’ll explore how scarcity (decreased inventory) impacts pricing decisions within your store – which are vital to maximizing revenue opportunities! post blogThis ! settingsishment replen automaticuring config or softwarecommerce e into orders entering when rules pricing good set to ever than important more becomes it cases these In. out selling after do might competitors your what predict to difficult’s it- available have currently you inventory much how about information perfect with even that means This).etitioncomp ( sales some make still can they so prices their increase all will)s( seller remaining the, out sells sellers those of one as soon as then – point price this at product same the offering sellers other no are there and100 $ for site your on item an have you if example For. scarcity by affected be will seller every, Amazon like marketplace competitive a in, that is consider to thing firstThe which feature” BoxBuy “s’ Amazon as such technology Use? do you can what so – model business’s store your within greatly matters satisfaction customer andization maxim revenue both that knowWe ” purchasingpanic ” called is phenomenon this – units remaining few those on out losing fear they because bids their lower often will goods for prices high pay to willing initially were who people, further even increases scarcity When. need they than more buying or itarding ho begin usually will consumers), price in higher.,e.i ( scarce become items as however; purchase to available inventory of amount abundant an be may there, low are prices when, rule general a As. decisions pricing for foundation the is demand and supply of lawThe-