One Factor Leading to Price Increases Is Overdemand

question 46

Essay

One factor leading to price increases is overdemand. When a company cannot supply all of its customers, it can raise its prices, ration supplies to customers, or both. What are four different ways the price can be raised?

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Definitions:

Social Constructed

Refers to the idea that perceptions, values, and knowledge of the world are developed and maintained through social interactions and cultural norms.

Judith Butler

An influential philosopher and gender theorist whose work has focused on the performative nature of gender and the critique of gender norms.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Social Construction

The theory that aspects of our reality and knowledge are not inherently natural but rather constructed by society.