econlife on ‘Demand, Supply, and Markets’

The ideas that explain how a market system functions, demand, supply and markets focus on consumer and business behavior. On the demand side, price is an incentive that encourages buyers to want more when low and less when high. On the supply side, with profit as an incentive, a higher price stimulates more production. Through examples, econlife looks at the countless individuals and groups composing the demand and supply sides of markets to see how price and quantity are determined.

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    Paying Less For a House

    Feb 21, 11 • 119 Views • Demand, Supply, and Markets, Economic Debates, Government, Households, Money and Monetary Policy1 Comment

    In an interesting Politico opinion column, journalist Michael Kinsley wonders why everyone seems to assume that climbing home prices are good. He points out that most people are happy when the prices of essentials like gas go down. So why the opposite for...

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    Giving Life a Price

    Feb 19, 11 • 138 Views • Demand, Supply, and Markets, Regulation, Thinking EconomicallyNo Comments

    The people at OSHA (Occupational Safety and Health Administration) have been watching “Spider-Man.” Because of actors’ injuries during performances, the federal agency that monitors workplace safety went to Broadway. Should they? It is all...

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    Shrinking Packages

    Feb 17, 11 • 132 Views • Businesses, Demand, Supply, and Markets, Households, Macroeconomic Measurement2 Comments

    Have you noticed that the 64-ounce Tropicana Orange Juice container now holds 59 ounces of juice? Or, that Scott Toilet Tissue is 104.8 sq. ft. instead of 115.2 sq. ft.? Other shrinking packages include… The 24-slice package of Kraft American Cheese has...

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    Search Engine Competition

    Feb 14, 11 • 97 Views • Businesses, Demand, Supply, and MarketsNo Comments

    Reading about Lillian Virginia Mountweasel in the 1975 edition of the New Columbia Encyclopedia, you would have discovered that she, a fountain designer and rural mailbox photographer, died in an explosion when working for Combustibles magazine.  But she...

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    Who Owns Deutsche Borse?

    Feb 11, 11 • 109 Views • Demand, Supply, and Markets, Economic History, Financial Markets, International Trade and FinanceNo Comments

    Hearing that Deutsche Borse will probably purchase the New York Stock Exchange, commentary focused on a German firm acquiring the symbol of U.S. capitalism. But who owns the German firm? According to the WSJ, Americans are major shareholders with 41% of...