Understanding how changes in demand affect market prices is fundamental within economics and yet, surprisingly, empirical evidence does not always support the standard theoretical predictions. Luke Garrod and Chris Wilson investigate and review some possible explanations
History
School
Business and Economics
Department
Economics
Published in
Economic Review
Volume
32
Issue
1
Pages
12 - 15 (4)
Citation
WILSON, C.M. and GARROD, L., 2014. When demand rises, do prices rise too? Economic Review, 32 (1), pp.12-15
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
Publication date
2014
Notes
This paper is made available here with kind permission of Philip Allan (for Hodder Education).