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People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
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∙ 14y ago
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When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
How much does a gas tanker truck cost?
How much does a gas tanker truck cost?"
Cost of a gallon of gasoline in 1999?
Cost of a gallon of gas in 1999
How much did gas cost in the 1979?
The cost of gas in 1979 was $0.86. Just a cent ove rhte cost of a dozen eggs. That same year the average cost of a new home was $71,800.00, and inflation was at 13.3%
Can a mayor lower gas prices?
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
Is Bhopal gas tragedy a manmade disaster?
Yes, Bhopal Gas Tragedy is a man-made disaster
What property of this gas contributed to the Hindenburg Disaster?
"This gas" is hydrogen, correct? The property that contributed to the Hindenburg Disaster is flammability.
Why Bhopal gas tragedy is known as man made disaster?
The Bhopal gas tragedy is known as a man made disaster. It is because the disaster was caused due to human mishandling.
Which gas caused Bhopal gas disaster 1984?
The Bhopal gas disaster was due to human mishandling. This mistake took the life of 8000 plus people.
What disaster caused at bhopal gas tragedy?
leak of the MIC gas!!
What disaster happened with hydrogen gas?
somthing smelly
What disaster led to the Texas Legislature mandating that thiols be added to nautral gas?
The New London School Disaster
How much does it cost for soccer uniforms equipment fees transportation gas and food for the season?
how much would i have to pay for all this or how much does it cost?
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.
Is bhopal gas tragedy a man made disaster?
YES
what are the effect of an increasing in the price of gas on the quantity supply and price of food?
Gas (petrol or diesel) is the main substance to fuel transport vehicles including air freight, rail and sea freight as well as road. If the cost of fuel increases then eventually the cost of the products carried will rise pro rata. If fuel is used to make the food, farm the food or to maintain the foods storage capability then the cost will increase the product cost.
