The demand for lobster is lower in the spring than in the summer. if the price of lobster is higher in spring than in summer then

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IrieBoy2745 IrieBoy2745

22-05-2018
Business

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The demand for lobster is lower in the spring than in the summer. if the price of lobster is higher in spring than in summer then

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MrsTriplet MrsTriplet · Answer 1 · 2018-05-31T19:09:36+02:00

The demand for lobster is lower in the spring than in the summer. If the price of lobster is higher in spring than in summer then the higher demand there is for the lobster the higher the price to purchase the lobster will be. Demand drives price because if there is a high demand for something (assuming supply is smaller) the demand will drive the price up because of the quantity supplied.