Prices fluctuate based on market conditions from "summary" of Business Cycles and Equilibrium by Fischer Black
In economics, prices are not fixed entities but rather dynamic variables that respond to changes in market conditions. This means that the prices of goods and services can go up or down depending on various factors such as supply and demand, production costs, and consumer preferences. When there is high demand for a particular product, its price tends to increase as suppliers try to maximize their profits by charging more for it. On the other hand, if there is an oversupply of a certain item, its price may fall as producers reduce prices to clear out excess inventory. Similarly, changes...
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