Look at These Prices!: The Price You Gotta Pay
The Price You Gotta Pay
This section extends the exploration of supply and demand that began in Supply, Demand, and the Invisible Hand. As we've seen, several factors, including elasticity and government intervention in the market, can affect the demand and supply for a product or service.
Excerpted from The Complete Idiot's Guide to Economics 2003 by Tom Gorman. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Alpha Books, a member of Penguin Group (USA) Inc.