markitect-main/examples/infospace-with-history/output/entities/competition-among-buyers.md

Competition Among Buyers

Definition

The rivalry between purchasers when quantity falls short of effectual demand, causing market prices to rise above natural prices as buyers compete to secure limited supply.

Source Chapter

Book I, Chapter 7

Context

Described as the mechanism that "will immediately begin among them, and the market price will rise more or less above the natural price" when supply is insufficient.

Economic Domain

Exchange

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