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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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
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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
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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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