The demand curve is one of the fundamental concepts of economics. It illustrates the relationship between the price of a good or service and the demand for that product, that is, the way a change in ...

From the article “Restauranteurs Wrestle With State’s Minimum Wage Hike to $9.04,” about the January 1 increase in Washington state’s minimum wage to $9.04 per hour, the highest state minimum wage in ...

Greg Mankiw amusingly blogged that Even terrorists have downward sloping demand curves, because AP reported that: When an admitted al-Qaida operative planned his itinerary for a Christmas 2009 airline ...

A linear demand curve is a line representing the relationship between the demand for a product or service and its price. Everyone knows that sales are proportional to price: The more you charge for an ...

WASHINGTON – U.S. oil demand was significantly down for the first six months of 2008, the API reported Friday in its Monthly Statistical Report. While U.S. refiners churned out record and near-record ...

The American Economist is a leading refereed journal published by the International Honor Society in Economics – Omicron Delta Epsilon – for the enhancement of research in economics. It publishes ...

On June 27, 2024, FERC accepted Midcontinent Independent System Operator Inc.’s (“MISO”) proposed tariff revisions that sought to implement a downward-sloping Reliability Based Demand Curve (“RBDC”) ...

This article derives sharp bounds on labor supply and demand shift variables within a nonparametric simultaneous equations model using only observations of the intersection of upward sloping supply ...