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 ...

Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

A demand curve is a graph used to demonstrate the relationship between the demand for a product and the price consumers are willing to pay. To understand what changes a demand curve, you need to ...

Throughout history, there are examples of great business leaders who, despite their best efforts, experienced poor company performance. How is this possible? Also, when employees are asked the ...

AS students at the University of the Philippines School of Economics (UPSE), we have to deal with various economic theories, econometrics and applied economics, involving a deluge of formulas and ...

Learn how changes in aggregate demand influence the price levels of goods and services and why this relationship isn't always ...

Buyers and sellers meet and at the right price all products are sold Three little words. Often that is all it takes to make one’s heart beat faster. “Liberty, equality, fraternity” captured the French ...