Supply and Demand, Considered Together

Evan Osborne

Chapter Chapter 3 in Reasonably Simple Economics, 2013, pp 33-60 from Springer

Abstract: Abstract To repeat: we live in a world of scarcity, so no one can have everything he wants. Some procedures have to be found to decide how resources will be used and who will get how much of the resulting output. One way to do that is the market, to whose workings I now turn.

Keywords: Minimum Wage; Demand Curve; Supply Curve; Price Control; Gasoline Price (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-4302-5942-8_3

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