Demand elasticity is a phenomenon where demand for a specific good or service changes depending on factors such as how it is priced, whether alternatives are available or local income trends.

Price elasticity measures how demand changes with price; it gauges a firm's pricing power. Investors should examine firms' price elasticity to decide if a product has sustainable profit potential.

The government imposes taxes on every product or service sold in the market. But who should pay for this tax? The buyer, the seller, or both? This is where the tax incidence comes in – the economic ...

The global supply chain situation shows no sign of abating. In just the past week alone, the Wall Street Journal reported that, as of October 7, nearly 500 large container ships were waiting to dock ...

When the supply of a commodity shrinks, prices go up. When supply expands, they go down. Inventories are buffers against shocks: when they are low, prices move more, and vice versa. The problem is ...