Concepedia

Concept

supply and demand

Parents

533

Publications

35.9K

Citations

876

Authors

394

Institutions

About

Supply and demand is a fundamental economic concept investigating the interaction between the quantity of a good or service producers are willing to offer at various prices (supply) and the quantity consumers are willing to purchase at various prices (demand). Its key characteristic is the determination of market equilibrium, representing the price and quantity where these forces balance, thereby explaining price formation, resource allocation, and market dynamics within economic systems.

Top Authors

Rankings shown are based on concept H-Index.

HS

University of Chicago

MN

University of Pennsylvania

HL

Columbia University

HW

Auburn University

MK

North Carolina State University

Top Institutions

Rankings shown are based on concept H-Index.

Columbia University

New York, United States

North Carolina State University

Raleigh, United States

University of Chicago

Chicago, United States

Pennsylvania State University

State College, United States

Auburn University

Auburn, United States