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If there is a lag between demand growth and supply response, prices will be volatile.
Demand for dairy products, especially from Asia, has been growing strongly, but exporters' supply response has been sluggish.
Across Asia, with its vast and growing population, there is little if any extra land to bring into production, and it may take several years for any "supply response" to materialise.
Margaret, a woman ahead of her time, supplied the response before the question was even asked.
We noted that in four out of five instances no drugs were supplied in response to a normal order.
The supply response will speed up in 2009.
The supply response to lower prices is on the way," the IEA said, adding that it may take another price drop for a full supply response to unfold.
"The system is tight around the country, but there's been an enormous supply response".
We had such a supply response in the 2000s, and with a vengeance.
The supply response to high prices seems to be better than expected.
High prices have already begun to propel a supply response elsewhere in the world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com