In order for a small-business order to price her products or services correctly, she must be able to understand what impact that price will have on demand. In some cases, demand will rise or fall with ...

One eye-grabbing number from January’s consumer price index: The price of baby food and formula was up 8.7% from the same time last year — which is nearly three times overall inflation. That’s ...

Eli Rubin, an energy analyst at EBW Analytics Group, warned that natural gas is 'nearing [the] price-inelastic portion of [the] curve'.

Elasticity of demand refers to the sensitivity of quantity demanded with respect to changes in another outside factor. There are many types of elasticity of demand. The one most relevant to businesses ...

OPEC recently increased its global oil demand growth forecast by 100,000 bbls/d. This marks the first change since February, as the group responds to accelerating demand signals. A new dynamic that ...

Alcohol and cannabis are two things consumers can’t seem to go without, even in the midst of a global pandemic and a halted economy. The newly legal marijuana industry has never weathered an economic ...

This paper generalizes the theoretical model through both demand and supply functions of the Organization of the Petroleum Exporting Countries cartel. The cartel's pricing policy is largely affected ...