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What causes the price of everything to jump up immediately right after a disaster?
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When disaster hits an area the cost of everything seems to go up immediately why is this a good thing using the laws of supply and demand?
because it reflects our economy by our standers of price using the supply and demand curve we can judge how much supply we need and at what price to charge as a result of how much demand there is
Why does the cost of everything go up after a disaster?
It is due to the high demand of things and the low production rate. Increasing the price will only enable the rich, or better off families to attain them.
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth why is this good a thing using the laws of supply and dem?
According to the free market, when the disaster hits, there is a disruption in supply and demand and thus, the equilibrium price increases: market is cleared and there is no excess in demand or supply. However, the negative side of this is that there would be poverty for people who can't afford this new price.
What are the causes of price hike?
A price hike can be caused by various reasons. Some price hikes are a result of natural disaster or early freeze resulting in a limited supply of particular fruits and vegetables. Other hikes may be due to inflation while some are even a result of dishonest business owners who price gouge.
When businesses raise the price of a needed product or service after a natural disaster this is known as?
Price gouging
When businesses raise the price of a needed product or service after a natural disaster this is known as .?
price gouging
What is Ex-stock price?
Ex-stock price is that price which is immediately deliverable at that price and not price qouted is for stock price of item.
What causes a shortage of goods price ceiling or price floor Which causes a surplus?
if, at a current price there is a shortage of a good
Does everything have a price?
not happiness.
What was the aberfan coal disaster song called sung by david Alexander?
the price of coal
Why does the price of goods go up when there is a natural disaster?
if there is a natural disaster like an earthquake, the prices go up because more people need them all at once
Binding price floor in a market sets price?
below equilibrium price and causes a shortage
