This was because they weren't grown in Europe, so when world explorers brought back this rare and exotic new fruit, supply was low and demand was high.
View moreEagle feathers are in high demand across North America, but it is illegal to hunt or kill eagles and get them.
View moreSupply and demand is a model of microeconomics.
View moreThere are two determining factors on such a market, the number of things made available, called supply, and the number of things consumers want, called demand.
View moreSupply and demand shows how producers and consumers interact with each other.
View moreFor normal goods, and a normal market, there are four basic laws that determine the change in the market, if either supply or demand changes.
View moreIf the demand increases, and the supply remains the same, there will be a shortage, and the price will increase.
View moreIf the demand decreases, and the supply remains the same, there will be a surplus, and the price will go down.
View moreIf the supply increases, and the demand remains the same, there will be a surplus, and the price will go down.
View moreIf the supply decreases, and the demand remains the same, there will be a shortage, and the price will increase.
View moreWhen there is more demand, prices will go up because many people want to buy the same item but there is not enough supply for it.
View moreThe greater the demand, the faster this happens.
View moreDepending on this demand, a lot of books are encoded to be able to read on the smartphones.
View moreIn 2014 US chocolate sales were $21.1 billion, that alone shows the significance and the demand for the product.
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