This increase in demand for water for agriculture is a particular problem in China where 70% of its agriculture uses irrigation and as a result many of the major aquifers are running dry.

As prices increase, consumers demand less of a good or service. A supply curve, on the other hand, slopes upward. As prices increase, suppliers provide more of a good or service. The point where ...

When demand exceeds the available supply, the price of a product typically will rise. Conversely, should the supply of an item increase while the demand remains the same, the price will go down.

This is known as the supply chain. The supply chain is made ... The White House estimates that stay-at-home orders caused a 40% increase in demand for retail toilet paper, which is softer than ...

if demand keeps up, that can lead to prolonged inflation. Several factors can increase production costs and cause cost-push inflation, such as: Supply chain disruptions: When events like ...