<p>Every price change of a good is due to a change in supply/demand. Based on your example are you maybe thinking of sudden price changes due to a bubble? For example with the tullip mania the price of the tullips was completey detached from the utility that anyone actually got from owning tullips. In a nutshell people were willing to pay exorbitant prices for these tullips because they expected to be able to sell them for an even higher price in the future. </p>

<p>Another example would be the dotcom bubble where there was a sudden drop in the value of internet based companies. I want to mention that the people spending a years salary on a tullip bulb weren't necessarily stupid or naive. Think about it like a time bomb where you don't know when it is going to explode. Holding the bomb(owning the asset) allows you to make money and you can hand off the bomb anytime you want. If you are however holding it when it explodes you lose all of your money.</p>

<p>Another example would be the cryptocurrency market.</p>

CC BY-SA 4.0
2018-12-15T17:41:48.273Z
2018-12-15T17:41:48.273Z
Jagol95
<p>I'm currently searching for historical changes in prices as a result of a big/sudden change in demand/supply, like the tulip mania in Holland. Are there any notable examples?</p>

CC BY-SA 4.0
2019-01-16T04:17:51.153Z
You might look at the Arab oil embargo period of 1973-74.
Hot Licks
CC BY-SA 4.0
2020-01-09T19:17:06.973Z
@HotLicks how is that like the tulip mania?
heh
<supply-and-demand>
Are there more historical examples of big change in prices thanks to demand/supply changes like the tulip mania?
Jeroen
# Are there more historical examples of big change in prices thanks to demand/supply changes like the tulip mania?

(Asked by: username_0 on 2018-12-15)

I'm currently searching for historical changes in prices as a result of a big/sudden change in demand/supply, like the tulip mania in Holland. Are there any notable examples?

**Tags:** supply-and-demand

> **Comments:**
> **username_1**: You might look at the Arab oil embargo period of 1973-74.  
> **username_2**: @username_1 how is that like the tulip mania?  

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## 1 answers

### Answer by username_3 on 2018-12-15. Score: 2

Every price change of a good is due to a change in supply/demand. Based on your example are you maybe thinking of sudden price changes due to a bubble? For example with the tullip mania the price of the tullips was completey detached from the utility that anyone actually got from owning tullips. In a nutshell people were willing to pay exorbitant prices for these tullips because they expected to be able to sell them for an even higher price in the future.

Another example would be the dotcom bubble where there was a sudden drop in the value of internet based companies. I want to mention that the people spending a years salary on a tullip bulb weren't necessarily stupid or naive. Think about it like a time bomb where you don't know when it is going to explode. Holding the bomb(owning the asset) allows you to make money and you can hand off the bomb anytime you want. If you are however holding it when it explodes you lose all of your money.

Another example would be the cryptocurrency market.


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