WILSON, C.M. and GARROD, L., 2014. When demand rises, do prices rise too? Economic Review, 32 (1), pp.12-15
Understanding how changes in demand affect market prices is fundamental within economics and yet, surprisingly, empirical evidence does not always support the standard theoretical predictions. Luke Garrod and Chris Wilson investigate and review some possible explanations
This paper is made available here with kind permission of Philip Allan (for Hodder Education).