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 ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Goods and services can be either elastic or inelastic. Elastic means the ...

The concept of price elasticity of demand (PED) is fundamental to understanding the nature of demand. PED measures the ...

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 ...

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. Ever wondered why the AFL doesn’t charge more ...