Which of the following situations will likely result in the highest price for a good? -high demand and high supply
-low demand and high supply
-low supply and low demand
-low supply and high demand

low supply and high demand

Explanation:

The situation that will most likely result in the highest price for a good is 'low supply and high demand. When there is a low supply of a product that is highly desired by consumers, companies will take this as an opportunity to raise said products price if they have it in stock. A good example of this is the shortage in supply of toilet paper that occurred at the start of the 2020 pandemic. Since there was such a high demand for toilet paper and a rather low supply of it, businesses began to increase their prices when they had it in stock.