business

posted by .

when a disaster hit an area, the costof everything, food, water, housing, gas, and so forth, seems to go up immediately. Explain why this phenomenon say be a good thing using the laws of supply and demand?

  • business -

    I can't think of any reason, other than greed, that this would be a good thing.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. BUISNESS AND TECHNOLOGY

    . When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer.
  2. business

    When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer
  3. business and tech

    I need help on this question. "When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand". …
  4. business and tech

    lets say that price gauging didn't happen,and the merchants sell the goods at the market price but with laws of supply and demand how would that be a good thing, When disasters hit an area, the cost of everything seems to go up immediately?
  5. Microeconomics

    Explain how the supply of new housing interacts with shifts in the demand for owner-occupied housing in your neighbourhood or an area with which you are familiar. In what ways does the mechanism differ from that which exists normally …
  6. economics

    Given the business situation of Mrs. Acres Homemade Pies (p. 30) and using the economic concepts of supply and demand, explain 1) Discuss what you think will happen to the supply, demand and price of the product in the short-term; …
  7. economics

    Given the business situation of Mrs. Acres Homemade Pies (p. 30) and using the economic concepts of supply and demand, explain 1) Discuss what you think will happen to the supply, demand and price of the product in the short-term; …
  8. business115

    When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer.
  9. economics

    When disasters hit an area, the cost of everything--food, water, housing, gas and so forth--seems to go up immediately. Explain why this phenomenon may be a good thing, using the laws of supply and demand
  10. economics

    Can you please exlain to me if I'm wrong not just correct me. ps. Ceteris paribusor the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement …

More Similar Questions