The economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease the quantity demanded, and vice versa.

NewFamous Economics Experiment Reproduced Thousands of Times

Caltech economists put supply and demand experiment from 1960s to the test

NewOn Demand | The Indicator

Before coronavirus hit, most of the U.S. GDP was driven by consumer demand for goods and services. And American demand for stuff drove growth all around the world.

Episode 993: Negative Oil | Planet Money

What just happened to the price of oil, and what does it tell us about the world?

Episode 987: The Race To Make Ventilators | Planet Money

Today on the show: ventilators — the supply and demand problem of the COVID pandemic.

Classroom Activity to Accompany the Supply and Demand Infographic

A classroom activity designed by the Federal Reserve Bank of Atlanta.

Demand, Supply and the Market

A lesson plan on demand, supply, and the market.

What are inferior goods?

An inferior good is a good or service where your demand goes down when your income goes up, and vice versa.

Deadweight Loss of Christmas

A video on deadweight loss and Christmas.

Exploring Equilibrium

In this video, we’ll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price. Then we’ll take a look at equilibrium quantity, where quantity demanded is equal to quantity supplied, and how this plays out in a free market economy that seeks to maximize gains from trade.

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