https://whystudyeconomics.ac.uk/blog/2012/02/demand-and-supply/ Sun, 12 Oct 2014 14:15:21 +0000 hourly 1 https://wordpress.org/?v=6.9.1 https://whystudyeconomics.ac.uk/blog/2012/02/demand-and-supply/comment-page-1/#comment-15327 Sun, 12 Oct 2014 14:15:21 +0000 http://whystudyeconomics.ac.uk/blog/?p=768#comment-15327 Inflation causes demand to decrease because if your income stays the same and prices increase you are forced to buy less with the same income due to the higher prices

]]> https://whystudyeconomics.ac.uk/blog/2012/02/demand-and-supply/comment-page-1/#comment-15325 Sun, 12 Oct 2014 14:02:44 +0000 http://whystudyeconomics.ac.uk/blog/?p=768#comment-15325 An increase in food prices will decrease the demand curve, because consumers will purchase less. An arise in food prices will increase the supply curve because producers will produce more because they earn more with the increase in prices.

]]> https://whystudyeconomics.ac.uk/blog/2012/02/demand-and-supply/comment-page-1/#comment-15323 Sun, 12 Oct 2014 13:55:04 +0000 http://whystudyeconomics.ac.uk/blog/?p=768#comment-15323 How will an increase in food prices effect the demand and supply curves?

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