Tag: Price Surge

Price Surge refers to a significant and rapid increase in the price of a good, service, or asset in a relatively short period of time. This phenomenon often occurs in markets due to various factors, including increased demand, decreased supply, speculation, or external events such as natural disasters or economic changes. A price surge can impact consumer behavior, often leading to heightened urgency to purchase as consumers fear further increases or shortages. In financial markets, a price surge can indicate heightened investor interest or volatility. It is important to differentiate a price surge from gradual price increases, as surges are characterized by their speed and magnitude.