The Lophophore. the Phoronida. The lophophore can most easily be described as a ring of tentacles, but it is often horseshoe-shaped or coiled. Phoronids have their lophophores in plain view, as shown above, but brachiopods like the one below must be opened wide in order to get a good view of their lophophore.
Definition. The effect of aggregate supply and demand in a market environment on the prices of goods and services. Market forces will cause prices to increase when supply decreases or demand increases, whereas prices will fall when demand decreases or supply increases.
What causes inflation is also a key argument in economic theory. Some economists believe that there are different types of inflation â cost-push and demand-pull inflation. Cost-push inflation is supposed to be a type of inflation caused by rising prices in goods or services with no suitable alternatives. An oft-cited example of this inflation is the oil crisis of the 1970s.