so they make a profit people will go mad wanting it
because less people supply the product which a lot of people want, so they could charge whatever they want.. i learned that long ago, when i was in 9th grade
because of scarcity
The price goes up if the demand is high
bull
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.
The price goes up if the demand is high
bull
bull
There is excess demand in the market.?
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.
It is all about 'Supply and Demand'.
rise
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
High demand and a shortage of produced goods.
I think home prices and mortgage rates will rise slowly.