The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

The market theory of supply and demand was popularized by Adam Smith in 1776. Consumer demand for a good decreases as its price rises. As prices rise, producers manufacture more to gain more profits.

Since the 19th century, supply and demand has been a driving factor in the capitalist system. ... if your manager orders 100 units and sells 60, this leaves your business with a 40-unit surplus.

OPEC+ crude supply fell by 280,000 barrels a day, while January production from OPEC’s 12 members plunged by 480,000 barrels a day, according to the agency’s estimates.

Spot electricity prices hit near zero due to soft demand, high generation, and early rains, reflecting supply-demand imbalances and curtailment risks.

Texas is home to several of the nation's leading markets in apartment supply and demand over recent years, according to a ...

A full 35 Hoosier counties have lost population since 2000, and another 35 had less than 5% population growth. That’s the demand-side issue across the state.