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What is the term for selling goods in short supply at inflated prices?
Wiki User
∙ 14y ago
Gouging .
Wiki User
∙ 14y ago
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What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Choose the terms that are used for the buying and selling of goods.?
supply and demand
What is the meaning of supply?
of Supply
What decrease in the aggregate supply?
A decrease in the supply of goods causes inflation because people are willing to pay higher prices for scarce goods.
What happened during the Union Blockade of Georgia's coast?
Prices of goods in the South skyrocketed and some people became Millionaires due to selling goods in inflated prices.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Who suffered financially in the late 19th century due to Inflated prices of manufactured goods?
farmers
Choose the terms that are used for the buying and selling of goods.?
supply and demand
What is the meaning of supply?
of Supply
What decrease in the aggregate supply?
A decrease in the supply of goods causes inflation because people are willing to pay higher prices for scarce goods.
Why did inflation occur in both the North and the South during the Civil War?
The limited supply of goods caused prices to rise.
What quantity of goods or service that buyers are willing to purchase at various prices?
supply
A supply schedule states in what quantity and at what prices the goods will be offered?
True
What was the edict of prices?
A law by Diocletian that outlined the maximum prices that certain goods could be sold at and the penalty for selling them for more was death
How price of related goods affects supply?
prices of related goods affects supply because as more and more units of commodites are demanded by individuals,the prices will be high,hence the suplly will be affected as consumers will purchase low and the producer will poduce less.
