Why is it that in economics, when demand is greater than supply, prices “automatically” go up? Isn’t it sellers that decide to raise prices because buyers are willing to pay more? Couldn’t sellers choose to not raise prices?
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You are an ugly girl and it’s prom night. You would sleep with literally anyone just to finally lose your virginity.
Somehow, all the other girls of your school die in an accident and you are the only female left. Now, far more guys want to sleep with you compared to before, so the demand is increasing.
Oh yes you could still be grateful and just sleep with the ugliest, like you would have before.
OR you’re smart, see the market power you have now, and choose this guy Denis from the football team that you never dreamed of having a chance with before. Thanks to increased demand.
Same with prices for goods.
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