As the law of supply and demand states, there is an effect on the price of a product depending on its availability.
If there is a low supply and a high demand, there is an increase in price and vice versa.
Last 2012, there was a virus which infected millions of chicken. It was known as Avian influenza or bird flu. It resulted to scarcity of eggs.
As the law of supply and demand states, there is an effect on the price of a product depending on its availability.
For example we can use water. If a product becomes scarce its price would increase due to supply in demand.
If drinkable water became scarce its price would be greatly increased to its need and being in extreme demand.
In short, if there is a low supply and a high demand, there is an increase in price and vice versa.
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