Crabs are plentiful so far this year in Maryland, but that doesn't mean there'll be enough to go around on Independence Day weekend, when nearly every patriotic Marylander, it seems, dreams of feasting on the state's official crustacean. Nor will they be cheap — with the price for a bushel of big Jimmies, or male crabs, topping $200 in some places.
Supply increases typically mean lower prices. But if demand increases at the same time, then the price effect is ambidextrous*. But on the 4th of July, Marylanders are crab nuts. Demand increases and prices rise. Here is a link to the proof.
HT: Will Wheeler
*Yeah, I know.