I wouldn't exactly say that this is a shock but the European Central Bank has just shown that one of the principal conceits of traditional economics is correct. Demand curves really do slope downwards ...

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

When you price products for your small business, you can fall into the trap of ignoring other factors that affect consumer demand besides price. Consumers have budgets and choices about what products ...

Hi, my name is Freddie Kuguru, and this is the three characteristics of a demand curve. A demand curve is basically a line that represents various points on a graph where the price of an item aligns ...

The American Economist is a leading refereed journal published by the International Honor Society in Economics – Omicron Delta Epsilon – for the enhancement of research in economics. It publishes ...

DOWNWARD SLOPING DEMAND CURVES....Megan McArdle: The cable news shows this morning were full of wide-eyed anchor larvae reporting that with gas prices high, people were driving less, and instead using ...

WASHINGTON – U.S. oil demand was significantly down for the first six months of 2008, the API reported Friday in its Monthly Statistical Report. While U.S. refiners churned out record and near-record ...