Supply and Demand

Demand can remain high despite its price depending on the commodity or the product. It all depends on the commodity in question. In the US, the price of gasoline will have little change in its demand. For example, for the most part, gasoline is used by consumers to travel to work. As people must still get to work, the demand for gasoline will not change to much. Yes car vacations in the Summer may lessen, but the price won't change unless the quantity of gasoline expands.

because, thats when people want to go during their summer break so airlines cost more

Like all agricultural items Rice prices do go up due to demand and the pitfalls of agriculture pending weather/climate/disease/Pest destruction.

One primary example is pest damage about every 10yrs as rice yields hit a all time high so do common marsh rats in the Mekong delta of Vietnam. Drought plays a role as at certain times rice requires some flooding irrigation while too much may entirely wipe out the crop.

Rice is one of the most durable and versatile food staples with extreme low water weight and ease to store and ship also increases the most valued first food commodities in the world feeding starving regions of the world. It can be modified/enriched with nutrients and the versatile enough to be low-glycemic and glutton to be boiled into a broth to feed those too weak by famine and disease that otherwise couldn't digest other food sources.

**It is one the most highly demanded food staples in the world any crop failure/loss via storage damage or increase of demand via human conflicts to stave off mass starvation due to natural disasters or man made conflicts tethers the cost even higher pending an acceleration of one or more of these issues either limiting supply or increasing demand.

**The food service industry highly values it' for diversification and versatility to meet dietary restrictions or demands for low calorie and lower cost foods source versus the higher costs of fresh meats and higher cost produce. (see related question "why rices is a commodity for caterers?")

If there is no form of price control in place then yes it does.

The imposition of a tax on the commodity (or even on the factor of production) translates into increased costs of production for the producers. This is because the producers would require much more to produce a given unit of that commodity. In response to the law of supply, the quantity supplied of that commodity will decrease arising from increase in costs of production. This is equivalent to an in-ward or up-ward shift of the supply curve, from the original equilibrium position. The market re-gains equilibrium with a new higher equilibrium price and lower equilibrium quantity. The producer, however, has to compensate him or herself by adding the amount of the tax to the supply price. This suggests that the incidence of the tax is shared by both consumers and producers. The consumers pay the tax in form of increased prices of the commodity while producers will pay the tax in form of increased costs of production. The proportion of the tax paid by either the consumer or producer depends on the price elasticity of demand for the commodity. Ceteris paribus, the more price inelastic the demand for the commodity, the bigger the proportion of the tax paid by the consumers and vice versa.

Fixed Exhange-Rate System: currency system in which governments try to keep the values of their currencies constant against one another

Flexible Exchange- Rate System: allows the exchange rate to be determined by supply and demand. With a flexible exchange- rate system, exchange rates need not fall into any prespecified range.

Pegged currency

^For me on apex 2022 :)

It is caused due to change in income, price of related goods, organisational changes, governmental policies, taste & preferences, special influences etc.

In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.

floating

Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.

wages will go down because productivity is lower

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.

The supply and demand for diesel and gasoline (petrol) creates problems for refineries because sometimes the vehicle fleet demand does not match the product distribution produced by the refinery. If diesel demand is much higher than gasoline demand, but gasoline and diesel are produced in relatively equal amounts, then the gasoline will be oversupplied to the market. A refinery can only affect its product distribution slightly and each refinery is built to process a particular type of crude oil. Switching crude oils in a refinery requires complex analysis of metallurgy, capacity limitations, and profitability.

The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.

As demand for a good goes up, the price goes up. So any determinant of demand that has positive or negative effect on demand will have the same affect on the price.
Non price factor can have a great influence on demand. For example when I go food shopping I always look for deals or non-price factors. One deal or non price factor that causes me to buy is a deal called buy one get another at equal cost for free. This is a great incentive. This incentive increses a demand for the item. In this case it is steak.

How many shoes a company has and how many people want the shoes is demand. When the company has more than enough shoes, the supply is larger than the demand so the price is lower. When there aren't enough shoes, the demand is higher so the price is lower. For example, if there is only one dollar in the entire country, one person would be rich because they have all of the money. But if there was one trillion dollars, money would have less value because one dollar would only be 1/1,000,000,000,000th of all of the money.

Her supply of tight sweaters increases the demand for her as a date on the weekend.

Natural limitations as constraints by topography,climate,access to water etc

Extent of existing development

Zoning

Taxation

Customary inheritance

Extent of speculative behaviour

Fixed location factor

Government injunctions

If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.

general equilibrium

Confidence in the economy. If the economy of the country is doing good, it is likely that the confidence in that currency is high, raising the demand. However, when the economy is sloppy, the lack of confidence brings down the demand level.

Level of exports and imports

Relative income changes (Higher income in other countries => go on holidays and thus rising demand for other currencies.)

Relative interest rate (High interest rate => high return => people invest more in it)

The higher the price the larger the quantity produced, as the price of a good raises existing firms will produce more to earn additional revenue.

ha well nobody nows apart from god which is allah

A fixed exchange rate system is where a country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency (or the price of gold). The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band. Also known as pegged exchange rate.

Fixed rates provide greater certainty for exporters and importers. This also helps the government maintain low inflation, which in the long run should keep interest rates down and stimulate increased trade and investment. however I'm not sure what a currency board system is....sorry.