The price goes up if the demand is high
A surplus or a shortage of a good or service affects the market price directly. When there is a surplus, the prices goes down and when there is a shortage the price increases due to the demand levels.
Higher prices
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
The prices increases, because the demand is higher for the product, since there is less of it.
A surplus or a shortage of a good or service affects the market price directly. When there is a surplus, the prices goes down and when there is a shortage the price increases due to the demand levels.
Higher prices
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
The prices increases, because the demand is higher for the product, since there is less of it.
Market forces push toward equilibrium
The price declines until demand increases.
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
Prices increase because things have been destroyed and there are not as many of them as before on the market.
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
The prices went up and some people started to worry that these prices were too high
is the drain of excess liquidity from the money market