662. The market condition when goods and services are not freely available and thus the prices are relatively high is called

✅ The correct answer is option C.
The market condition when goods and services are not freely available and thus the prices are relatively high is called seller’s market. A seller’s market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller’s market is a term commonly applied to the property market when low supply meets high demand.