The law of supply and demand is a fundamental concept of economics and a theory popularized by Adam Smith in 1776. The principles of supply and demand are effective in predicting market behavior.

AS students at the University of the Philippines School of Economics (UPSE), we have to deal with various economic theories, econometrics and applied economics, involving a deluge of formulas and ...

The fundamentals of supply and demand are the basics of evaluating price. For U.S. oil prices that under the U.S. President ...