Suppliers will keep raising prices in a certain market as long as
there is excess supply and quantity supplied exceeds the quantity demanded
there is excess demand and quantity supplied exceeds the quantity demanded
there is excess demand and quantity demanded exceeds the quantity supplied
there is excess supply and quantity demanded exceeds the quantity supplied

Where did the term “iron curtain” originate? the warsaw pact used the term iron curtain as a code word for communism. in a 1946 speech, british prime minister winston churchill said an iron curtain had fallen across the continent of europe. while visiting western europe in 1946, u.s. president harry truman commented that the mountains there looked like iron curtains. russian general secretary joseph stalin instructed citizens of eastern europe to hang iron curtains over their windows to protect themselves from stray bullets.