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.

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

In today's rapidly changing business landscape, one of the most significant challenges facing the supply chain industry is managing the balance between continuously changing supply and demand. Supply ...