Which of the following can be a reason behind the price rise of goods and services?

Inadequate supply of essential commodities

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Adequate supply of essential commodities

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Availability of substitute goods and services

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Decrease in the demand of essential commodities

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Solution

The correct option is A Inadequate supply of essential commodities
The most typical reason behind price rise is the inadequate supply of essential commodities like milk, rice, pulses, oil, etc. As a result, these commodities stop being easily available to people, and they get overpriced. Conversely, when commodities are available in surplus, the price falls.

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