Everyone remembers the law of supply and demand from economics courses back in high school and college. But have you heard of the law of value and demand? Welcome to Multidimensional Economics.

The law of supply and demand, which dictates that a product's availability and appeal impact its price, had several discoverers.But the principle, one of the best known in economics, was noticed ...

Most people have heard of the law of supply and demand, but you might not know exactly what it means. Supply and demand are two of the most fundamental concepts in economics, and their interaction ...

The law of supply and demand was popularized by Adam Smith in 1776. Consumer demand for a good commonly decreases as its price rises. As prices of a good increase, producers manufacture more to ...

The law of supply and demand In this type of economy, consumers purchase goods and services at a price that is acceptable to both the buyer and seller without interference from the government.

However, it is another law, the law of supply and demand, which dooms Obamacare to failure in the longer term. Supply and demand is the most basic, and powerful, law in economics.