Saturday, January 1, 2011

The Real Cause of the Price Hike

People, the price of most commodities have skyrocketed in 2010. Analysts quoted the causes to be extreme weather and increasing demand from heavy manufacturing countries like China and India. This is actually just an application of economic's basic principle of supply and demand. Price goes up when supply runs out and when demand gets bigger.


Do YOU have a different opinion about this? Please feel free to comment this post and we can all discuss about it together.

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