Consider this question that seems like a riddle: What is the difference between demand and quantity demanded? They sound like two sides of the same question, but they're actually different – and ...

A linear demand curve is a line representing the relationship between the demand for a product or service and its price. Everyone knows that sales are proportional to price: The more you charge for an ...

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For one thing, the data I show ...

In this video, we take a critical look at a recent analysis by the popular YouTube channel Economics Explained regarding the concept of induced demand. While the video raises important questions about ...