Bhaisahab
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Tue Dec-28-04 03:56 AM
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| ok, here's an elementary economic question i have... |
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what happens when demand shoots up and supplies decrease? is it a recession?
sorry of this is a dumb question...
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| artificial flavor
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Tue Dec-28-04 03:59 AM
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| Bhaisahab
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Tue Dec-28-04 04:07 AM
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| mahina
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Tue Dec-28-04 04:14 AM
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| 3. Price increases, decreasing demand. |
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Inflation is a separate matter IMHO, possible certainly but due to other factors.
(just finished Econ 130, price theory, with a whopping B+, but I do know this.)
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| hfojvt
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Tue Dec-28-04 04:44 AM
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| 4. the question is a little vague |
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As a former economics instructor, I do not know if you are talking about one item, or demand in general. Second, when you say that supplies decrease - is that a separate event or something that you think will be caused by an increase in demand? If it is the latter, you have it backwards, because a demand increase causes supplies to increase (in the mid-term anyway, the market cannot react instantaneously, or perhaps even before Christmas.)
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Fri Apr 19th 2024, 06:18 PM
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