Similarly, market expectations and the number of sellers (or competition) can affect the curve as well. What Is the Law of Supply and Demand? The law of supply and demand is a rule of economics ...

Commodity prices are set by the balance of supply and demand dynamics. Market fluctuations in commodities influence both short-term prices and long-term productions. Price surges trigger increased ...

Once plotted, the demand curve slopes downward, from left to right. As prices increase, consumers demand less of a good or service. A supply curve, on the other hand, slopes upward. As prices ...

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. How have consumers responded to the price change in ...