Recent Posts

An Introduction to Supply and Demand

Posted by Josef on 5/11/18 4:54 PM

What is supply and demand?

In economics, supply and demand is the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.  Though it is a seemingly straightforward relationship, in practical application it can become quite complicated.  In this blog, we will use an example to illustrate the basic relationship between supply and demand

Read More

Tags: economics