The law of supply and demand is a fundamental principle of economics theory that describes the relationship between supplier output, consumer demand and price. The demand curve is represented by a ...

The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

Supply and demand determine equilibrium prices; high demand or low supply raises prices. Investing during low demand and high supply periods can lead to cost savings. Supply-demand principles guide ...

The Journal of Economic Perspectives, Vol. 37, No. 2 (Spring 2023), pp. 3-28 (26 pages) What do recent advances in economic geography teach us about the spatial distribution of economic activity? We ...

Demand for new houses over the past 50 years has generally shifted outward with rising incomes and an increasing population, though it has shifted inward during periods of recession. Supply for new ...

The sudden closure of businesses around the world has contributed to a massive economic shock, and policy makers have scrambled to try to contain the damage. To many, it has seemed a clear supply ...

I appreciate the opportunity to respond to Corbin DiMeglio's essay. I wish I was allotted more than 300 words! I believe he and I agree on far more than we disagree. Specifically, two points I fully ...