The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

Discover how equilibrium quantity balances supply and demand, stabilizing prices in the market—essential knowledge for anyone interested in economic principles.

Anyone who has taken an economics class knows the importance of where the demand and supply curve intersect, but right now, for many common items, that point is nowhere close to existence. Mostly due ...

I use Phillips curve type regressions to assess the relative contributions of demand and supply forces to U.S. inflation during the pandemic era from February 2020 onward and the decade following the ...