Word for when people store scarce resources to increase demand
Like storing gasoline to create an artificial demand and sell it a higher price later.
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Where did "the price of tea in china" come from?
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Why do we use the term "hike" to describe an increase in price, value
1904 Topeka Capital 10 June 4 City Center kept the price of ice cream sodas at five cents until the State Sunday School convention struck town, and then the scale was hiked to ten cents. We
adjectives
Price can be a noun (the price of an item) or a verb (to set the price of an item). Moreover, the word priced can be used as an adjective, particularly in combination with other words
"price on" and "price for"
''A price on'' connotes ''a price set/levied on'' (probably not the actual words) and is more seller-orientated. ''The price for'' is nuanced less towards the involvement of the seller, and more
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word usage
The Merriam Webster dictionary defines cheap as charging or obtainable at a low price a: a good cheap hotel cheap tickets b : purchasable below the going price or the real value so, strictly
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"Prices of" vs "prices for"
The preposition "OF" is used here to indicate that the price belongs to/is used in relation with prices of spare parts. Now, the definition of "FOR" as a preposition- For Used to indicate the use