51.   Firms are then only able to make money by stockpiling inventories and reselling when prices rise.

52.   Problem has already been dealt with, but problem reflects the difficulty of determining what is happening to relative prices when prices in general are rising.

53.   This will cause their price to rise.

54.   If people expect prices to rise, they may reduce their money balances and purchase goods and assets now, before prices do rise.

55.   This is likely if people start speculating that prices will rise further.

56.   However, in a very poor harvest year, right, prices rise very dramatically and as a result total income of the industry ri rises.

57.   If lamb prices rise over the next few years, as they may well do, then the subsidies will fall.

58.   Prices are rising only slowly, and retail sales have begun to rise since Christmas, thanks to heavy price cuts which have produced some irresistible bargains.

59.   In principle, this made profitable the speculative holding of stocks of goods whose price rose only at the average rate.

60.   Conversely, had the interest rate fallen, then prices would have risen.