Typically changing prices only affect supply and demand when one creates artificial demand for it. In almost any cases, it is typically the supply and demand that affects the price changes.
We must firstly understand how supply and demand affect changing prices before we can understand the opposite effect. For example, if there is 100 units, and there are only 50 buyers, the supply is more than the demand. To generate artificial demand therefore, the supplier may lower the prices in an effort to sell off all units. On the other hand, if there is 100 units, but there are more than 100 buyers, than the supplier may raise the prices. This lowers the demand for the product as well as maximizing profits. This example assumes that there is only one supplier of the unit that is in demand.
If however, the supplier has competitors within the field (and is not bound by law to set a certain rate), they may change the prices to be lower than their competitors, in an effort to increase more demand for the prices. It would artificially drive down prices, thereby making profits less. If competitors are not able to survive with less profit and/or be able to lower their own prices, they would be forced to go out of business, either by closing or selling their shops. In turn, when the original company buys up their competitors assets, they then hold a monopoly or close to a monopoly of the given field. This allows them to artificially change the price on their own discretion, typically known for the term <em>price-gouging</em>. Historically in the United States, this has occurred, especially in the oil industry, but price-gouging of many consumer necessities have been banned and a official rate has been set for them.
Essentially, in a true supply and demand, changing a price to be higher than market value may lead to a lower demand, and therefore a surplus of the product, which leads to a artificial low price, while changing a price to be below market value may generate higher demand, which in turn leads to a artificial high price.
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Vatican City, Italy the original wooden model of the dome of saint peter’s basilica (created by Michelangelo) is located
Hope this helped : D
John Brown stirred up a lot of controversy with his attack on "Harper's" Ferry in Virginia
IN this quote Benjamin Franklin is referencing the failed "Albany Plan," since this was his idea, in which the colonies would have formed a loose union in order to better manage taxes.
answer: Biography of Dr Kwame nkrumah
Kwame Nkrumah (1909-1972) was the first president of Ghana. Though he effected Ghana's independence and for a decade was Africa's foremost spokesman, his vainglory and dictatorial methods brought about his downfall in 1966, with him a discredited and tragic figure in African nationalism.
The career of Kwame Nkrumah must be seen in the context of the Africa of his period, which sought a dynamic leader but lacked the structures that would make possible the common goal of continental unity. Ghana's and Africa's very inadequacies initially made them insensitive to Nkrumah's failings, conspicuous among which was the ever-widening gap between his rhetoric, which called for a socialist revolution, and his practice, which accommodated itself to the worst aspects of tribal and capitalist traditions.
