Learn about the fundamental concept of supply and demand and how it relates to individual daily purchases.

A supply curve reveals if a commodity will experience a price increase or decrease based on demand. The supply curve is shallower, closer to horizontal, for products with more elasticity.

The curves of supply and demand represent different price-quantity combinations. Each combination is plotted on a chart, and the line drawn from one point to the next creates a curve.

The economic laws of demand and supply determine the markets for products and their equilibrium prices. However, economic forces can cause shifts in the demand and supply curves for a product and ...

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.

Supply is generally considered to slope upward: as the price rises, suppliers are willing to produce more. Demand is generally considered to slope downward: at higher prices, consumers buy less. The ...

Also, if the credit is not available to everyone, it won’t shift the demand curve by exactly $8,000 at every point, because the demand curve for houses is the sum of every individual’s demand ...