Supply & Demand

DEMAND LAW OF DEMAND “More of a good will be bought the lower its price, less will be bought the higher its price, ceteris paribus.” Law of Demand implies that there is an INVERSE relationship between P, Qd – other things staying the same: What would affect your willingness or abil...

This infographic illustrates how the fastest growing and declining retail brands are attempting to stay relevant in the pandemic economy.

A new survey from Piper Jaffray shows that a lot of people would simply eat price increases from Netflix. Compared to past surveys, this shows the service's perceived value is growing.

Independent Institute Research Fellow Art Carden on the economics behind price gouging.

Blake's Orchard & Cider Mill makes most of its money on fall outings, hard cider and apples, but this year, the Armada-based farm is experimenting with a new crop: hemp.Part of the team behind the business is harvesting about 7 acres of the plant, known for its use in CBD oil and strong fabrics…

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National Retail Federation CEO Matthew Shay said the rebound is uneven with big-box retailers like Walmart and Home Depot reporting strong sales and small or mid-sized businesses struggling.

While retail sales bounced back in May after a deep drop in March and April, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.

Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.

Activity boxes and inflatable pools replace summer camp and trips to the beach.

Jaime Calder all but gave up on gardening after moving from the fertile soils of Illinois to dusty Texas, but the coronavirus changed her mind.

Electronic Arts reported financial results that beat expectations, with revenue growing 21% to $1.46 billion for the first fiscal quarter ended June 30.

This animation provides a nostalgic look back at the market share of various web browsers, from Netscape Navigator to Google Chrome.

As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell.

I reached out to #EconTwitter and asked what songs they like to use to teach different topics in their classes and the results did not disappoint: Travis didn’t hesitate to reach out and sugg…

Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer.

We called 66 McDonald’s to learn how Scott’s new collab with the fast food icon is going over.

Gen Zers are finally starting to break into the housing market. Here's a look at the top 15 cities for 2020 Gen Z homebuyers.

Despite the hollowing out of workers in downtown Detroit during the COVID-19 pandemic, e-scooters have remained resilient. Prior to the outbreak, the future of the rentable e-scooters that stormed cities across the U.S. in 2018 seemed wobbly. In January, San Francisco-based Lime laid off 100…

How a Home Depot “merchant” knew we all needed a $300 set of supersize bones.

On Sunday, as many as 76,000 new hunters will disperse across Michigan's leaf-covered meadows and oak forests in search of bagging their first whitetail deer. The COVID-19 pandemic forced many across the state, and the U.S., to abandon some preferred pastimes — such as keeping a scoresheet from…

Prices for cleaning products went gangbusters this year pic.twitter.com/BbO9kJJsCz— Morning Brew ☕️ (@MorningBrew) November 14, 2020

For the fifth straight month in 2020, golf rounds surpassed 2019 totals. Merchandise sales in the third quarter grew 42% year-over-year.

The move is designed to protect the chain from the volatility of the chicken wing market.