Previous studies have found that price promotions lead to a decrease in the average prices of seasonal goods in high … demand season, countering the predictions of basic supply and demand. I explain this trend by proposing that price …-sensitive consumers are less likely to search in low demand periods, changing consumer composition and decreasing aggregate price …

whether consumer prices and commodity prices react to excess liquidity, and if the different price elasticities of supply for … goods and commodities allow for differences in the dynamic paths of price adjustment to a liquidity shock. The results show …