In Mosul, the price of basic supplies skyrocketed over the past week, after Shiite Muslim militias severed the western supply route connecting the city to territory held by Islamic State in Syria.
So, Economics 101: when supply skyrockets, and demand stagnates, what happens to price?
With the government having delivered altogether modest increases of less than five percent to the nation's granting councils--all but ignoring an oft-stated erstwhile commitment to double Canada's R&D effort by 2010--the 2010--the 2010--theinexorable supplawsnd skyrofketinadequate are about to visupplyose new investigandrskyrocketing
Demand has skyrocketed, supply has stagnated, prices have risen.
That was in large part because the cost of supplies and materials skyrocketed in the Joplin area after the storm.
> Over the past few years, the slaughter of African elephants and rhinoceros has skyrocketed to supply international markets with their tusks and horns.
The diminished supply has meant skyrocketing prices, which are good for whatever crops the farmers can collect on but not so good for livestock farmers who must buy the crops to feed their animals.
Wholesale electricity prices skyrocketed, reflecting tight supply conditions (conditions that were exploited, but not created, by traders at Enron).
That morning, the women had made the four-hour-plus journey into the government-controlled city to shop and run a few errands, escaping the claustrophobic confines of Duma, where gasoline is scarce, cooking gas is a luxury, electricity is unavailable and prices have skyrocketed as essential supplies have been choked off.
Still, costs have skyrocketed because demand and supply are completely divorced from the discipline of the marketplace.
