The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

THE CASE OF MR. J. SMITH HOMANS We have. Share full article. Feb. 8, 1864. Credit... The New York Times Archives. See the article in its original context from February 8, 1864, Page 5 Buy Reprints.

Global supply chains, now a couple years recovered from pandemic-era snarls, have been chugging along at a much healthier clip. But by no means has it been smooth sailing. Traffic through two ...