The purpose of the Proclamation of 1763 was to prevent further white settlement on American Indian lands. This is still of importance to First Nations living in both Canada and the United States today. A line was drawn along the Appalachian Mountains where settlement was forbidden and this was essentially the line of demarcation between British Canada and the Colonies.
Answer:
If the demand is very high
AND
supply matches the demand OR the supply doesn't match the demand, the higher demand leads to a higher equilibrium price.
Explanation.
It depends on the law of supply and demand. If the supply matches the demand OR the supply doesn't match the demand, the higher demand leads to a higher equilibrium price. But when the demand is less but supply is excess, the prices drop.
