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"There is a shortage where demand severely outstrips supply".
Some are moving north, where demand still outstrips supply.
It is not clear where demand might come from.
Where demand is unlimited, supply must be rationed somehow.
Bidding is a mechanism to allocate scarce resources – seats in popular classes, where demand exceeds supply.
The quantity where demand and marginal costs equal that's the competitive quantity.
So, naturally, it now plans to take its product where demand is highest.
Their profits stem largely from exports to countries where demand is thriving.
For elements where demand is expected to increase, one option is to open new mines.
There is a Type I market where demand is very high and supply growth is constrained.
Likewise, the economy, where demand has slowed slightly, but not imploded.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com