Prices go up suddenly when there aren’t enough things to buy and too many people want them. Imagine a pizza shop that only makes 10 pizzas, but 30 kids come in all at once, the shop has to raise the price because not everyone can get a pizza.
Examples
- A popular toy doubles in price at the last minute because it runs out.
- Riding a bike becomes more expensive when your town's only bike shop gets robbed.
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See also
- Why Do Prices Go Up During a Crisis?
- Why can’t prices just stay the same?
- Why Do Inflation Rates Change So Often?
- What causes prices to go up?
- Why Do Inflation Rates Differ So Much Between Countries?