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
Published inEconomic Review
Pages12 - 15 (4)
CitationWILSON, C.M. and GARROD, L., 2014. When demand rises, do prices rise too? Economic Review, 32 (1), pp.12-15
Publisher© Hodder Education
VersionAM (Accepted Manuscript)
Publisher statementThis 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/
NotesThis paper is made available here with kind permission of Philip Allan (for Hodder Education).