Asked by fab

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
Answered by SraJMcGin
If there is a lot of something (big supply) there is more than people want (low demand) but if there is a short supply, and a HUGE demand, of course the price goes up!

Sra
Answered by Random
When a disaster hits an area the demand for many goods and services will rise. These goods ara mostly basic necessities and demand will rise for them as a result of the disaster. This demand is likely to be stimulated by the people who were directly affected by the hazard. This is a good phenomena as producers see that demand for their products is expanding and so they charge higer prices knowing that people have little alternative but to keep on buying.
There are no AI answers yet. The ability to request AI answers is coming soon!