as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
follow the law of supply and demand, describe what would happen to the price of a good if the demand increased.
user
if the demand for a good increases, the price of the good will rise in order to balance the demand with the available supply. this is because when demand exceeds supply, prices must increase in order to ration resources and keep supplies from running out.
assistant