Dawn Coapstick

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Quick Economics 101 lesson. Under normal circumstances, prices are the result of the relationship between supply and demand. Should supply rise while demand remains constant, prices will drop. Similarly, should demand rise while supplies remain constant, prices will rise. The inverse for both statements is true as well. This concept is called price elasticity and it holds true for everything from skateboards to bread to potted plants to construction workers.*
The End of the World is Just the Beginning: Mapping the Collapse of Globalization
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