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  2. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    The movement of the supply curve in response to a change in a non-price determinant of supply is caused by a change in the y-intercept, the constant term of the supply equation. The supply curve shifts up and down the y axis as non-price determinants of demand change.

  3. Why Supply and Demand Is Important to You and the Economy - AOL

    www.aol.com/why-supply-demand-important-economy...

    There’s the Law 0f Supply and the Law of Demand. In an unimpeded market, supply and demand determine the value of a product or service. Supply represents the amount of something that producers ...

  4. Predictably Irrational - Wikipedia

    en.wikipedia.org/wiki/Predictably_Irrational

    He states that demand, the determinant of market prices, can be easily manipulated. Furthermore, supply and demand are dependent on each other (manufacturer's suggested retail prices affect consumers' willingness to pay). Finally, the author claims that the relationships between supply and demand are based on memory rather than on preferences. [4]

  5. Demand characteristics - Wikipedia

    en.wikipedia.org/wiki/Demand_characteristics

    A possible cause for demand characteristics is participants' expectations that they will somehow be evaluated, leading them to figure out a way to 'beat' the experiment to attain good scores in the alleged evaluation. Rather than giving an honest answer, participants may change some or all of their answers to match the experimenter's ...

  6. Law of supply - Wikipedia

    en.wikipedia.org/wiki/Law_of_supply

    A supply is a good or service that producers are willing to provide. The law of supply determines the quantity of supply at a given price. [5]The law of supply and demand states that, for a given product, if the quantity demanded exceeds the quantity supplied, then the price increases, which decreases the demand (law of demand) and increases the supply (law of supply)—and vice versa—until ...

  7. Free price system - Wikipedia

    en.wikipedia.org/wiki/Free_price_system

    A free price system or free price mechanism (informally called the price system or the price mechanism) is a mechanism of resource allocation that relies upon prices set by the interchange of supply and demand. The resulting price signals communicated between producers and consumers determine the production and distribution of resources ...

  8. Neoclassical economics - Wikipedia

    en.wikipedia.org/wiki/Neoclassical_economics

    They are the final causal determinants of the behavior of supply and demand and therefore of value. According to neoclassical economics, individual preferences and productive abilities are the essential forces that generate all other economic events (demands, supplies, and prices).

  9. Effective demand - Wikipedia

    en.wikipedia.org/wiki/Effective_demand

    It contrasts with notional demand, which is the demand that occurs when purchasers are not constrained in any other market. In the aggregated market for goods in general, demand, notional or effective, is referred to as aggregate demand. The concept of effective supply parallels the concept of effective demand