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The National Union of Mineworkers (NUM) has demanded rises of up to 60%.
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As prices fall (yields rise), demand rises.
When demand rises, the water is released to generate electricity.
Put the two together and aggregate demand rises.
Usually, in markets, when prices fall, demand rises.
Second, even as demand rises, supply is strained.
As supply rises, relative to demand, the price falls; while if demand rises, relative to supply, the price rises.
As demand rises and supply shrinks, cities around the country are experiencing a residential rebound.
As demand rises, so do prices, because supply takes time to respond.
Moreover, climate change may be reducing supply even as demand rises.
If demand rises and the demand curve shifts up from D1 to D2, prices jump from P1 to P2.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com