MapleStory Economy & College App Essay

Wait a minute. Doesn't an increase in supply result a surplus at the initial price, causing a downward pressure on the price as suppliers try to get rid of the excess stock? Wouldn't that cause the equilibrium price to fall instead of rise?

Note: Assuming that Demand remains constant, that is.

This.

When prices go up, it's usually if the demand is high or if there is scarcity. This is where MS fits in.

For example, look at The Great Depression. Most notably produce and Henry Ford's Model A car. Both dropped in price due to overproduction or a drop in demand (although, Ford was more or less closer to demand dropping than overproduction). What happened? Both drop in price and a drop in production, which then caused its demand to rise back up.