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When disaster hits why does the cost of food and gas go up supply and demand?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 12y ago
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When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
Why the cost of food and beverage is high?
The price of food and beverages responds to the basic principles of economics; as Adam Smith pointed out a long time ago, prices depend on two things, supply and demand.
What are some reasons why prices rise?
Prices generally are the result of the combined effect of supply and demand. Scarcity causes prices to rise, since there is more competition to obtain scarce items, and demand causes prices to rise, since people will be willing to pay more for something they strongly want.
What are some examples of non-price determinants of both supply and demand?
Price is no determinate on demand when it comes to food being needed to feed the famine-stricken; it is likewise no determinate of supply when an overabundance of rainfall causes flooding and destruction regardless of water needs.
Why do farmers use intensive farming methods?
Because intensive farming produces higher yeild, which means cheaper food, thus meeting supply and demand
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
Food cost fixed or variable?
The cost of all food is variable, depending on supply and demand.
What is the effect when people when up to buy rice and food?
Perhaps you are referring to "food lines". They happen when demand for food outstrips the food supply. These can happen in preparation for a pending disaster - such as a hurricane - or as an after-effect of a disaster. Buying limits might be imposed in those situations to prevent hoarding and is referred to as "rationing".
What is the effect when people line up to buy rice and food?
Perhaps you are referring to "food lines". They happen when demand for food outstrips the food supply. These can happen in preparation for a pending disaster - such as a hurricane - or as an after-effect of a disaster. Buying limits might be imposed in those situations to prevent hoarding and is referred to as "rationing".
What is the effect when the people line up to buy rice?
Perhaps you are referring to "food lines". They happen when demand for food outstrips the food supply. These can happen in preparation for a pending disaster - such as a hurricane - or as an after-effect of a disaster. Buying limits might be imposed in those situations to prevent hoarding and is referred to as "rationing".
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 there a stable demand for agri supply?
Yes there is a very stable demand for agri supply. As the population increases more food is needed and more supplies in which too make the food.
What are the effects of over population to food supply?
If you have an overpopulated area the demand of food skyrockets and then the prices will rise and the supply of food will slowly disintegrate.
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth Explain why this phenomenon may be a good thing using the laws of supply and demand?
When disasters hit an area the cost of everything seems to go up immediately food ,water, housing, gas. Explain why this phenomenon may be a good thing in the used of supply and demand ?
How food supply acts as negative feedback on world population?
Food supply acts as a negative feedback on world population once there is scarcity. This happens when demand for food is high but its supply is low.
Why the cost of food and beverage is high?
The price of food and beverages responds to the basic principles of economics; as Adam Smith pointed out a long time ago, prices depend on two things, supply and demand.
How do consumers drive the food industry?
People continually need more food due to the growing populaton. This increases the demand for food. Now the food industry either stays at the same level of supply, increasing prices, or they increase the supply to accommodate for the increasing demand. So consumers drive the food industry by needing more food.
