Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Friday, January 29, 2021
What happens to price when supply decreases and demand increases?
The price of palm oil has increased (WSJ, Jan. 2021). Also note that earlier farmers responded to lower prices by fertilizing less, thereby reducing the quantity supplied.
No comments:
Post a Comment