When theres increased demand, companies raise prices because of scarcity. When theres decreased demand, they raise prices so they can make their profits over fewer units sold.
This works in a vacuum, but falls apart once you have competition to drive prices down. That said, the world is falling into cartels that price fix anyway.
When theres increased demand, companies raise prices because of scarcity. When theres decreased demand, they raise prices so they can make their profits over fewer units sold.
This works in a vacuum, but falls apart once you have competition to drive prices down. That said, the world is falling into cartels that price fix anyway.