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.

First SeenFirst seen: The term supply and demand was first seen in Sir James Steuart's 1796 treatise An Inquiry Into the Principles of Political Economy. When figuring out your monthly budget, ...

Spot container freight rates for shipments from China to Los Angeles and New York showed a significant decline of 87% and 81% respectively on a year-over-year basis between March 2022 and 2023. DC ...

Log-in to bookmark & organize content - it's free! Matthew Hennessy, author and Wall Street Journal deputy editor, talked about his book on the value of free markets, “Visible Hand: A Wealth of ...