2006-09-14 08:35:59 · 4 answers · asked by mandapandapoohbear 1 in Education & Reference ➔ Homework Help
Supply and demand.
When demand outpaces supply, you have scarcity. When supply outpaces demand , you have overabundance. Businesses can't easily turn on a dime to suddenly ramp up or ramp down supply, plus you have the lag introduced by middlemen or distributors, which is why such conditions exist.
2006-09-14 08:39:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
because of unlimited wants and limited resources or unlimited demand and limited supply
2006-09-14 08:41:21 · answer #2 · answered by raj 7 · 0⤊ 0⤋
supply and demand, sometimes speculation for short-lived shortages
2006-09-14 08:43:03 · answer #3 · answered by waplambadoobatawhopbamboo 5 · 0⤊ 0⤋
hoarding, deseases, war
2006-09-14 08:39:38 · answer #4 · answered by Legandivori 7 · 0⤊ 0⤋