Huh? If demand is down how do prices go up?
Huh? If demand is down how do prices go up?
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Supply is down. Supply and demand set price in a free market, they balance based on pricing, or price responds to demand and supply, depending on how you look at it (it’s individuals making decisions on supply demand and pricing). The curve moves not just based on demand but also on supply. With the emphasis on Keynsian thinking in academia a lot of the brainwashed fools that are produced think only about demand and ignore supply in setting prices and economic activity.