In macroeconomics, the lack of price controls allows markets to maintain prices and quantities at equilibrium. At equilibrium supply and demand curve intersection points, the quantity of goods ...

On a graph of the supply and demand curves, the supply and demand curve intersect at the equilibrium. this is the point where the quantity demanded by people and businesses equals the quantity ...

What Is a Price Ceiling? A price ceiling is the maximum amount a seller is permitted to charge for a product or service. It is usually set by law and is typically applied to staples such as food and ...

On the subject of "standard working hours", my respected friend Francis Lui of the Hong Kong University of Science and Technology wrote recently in the Hong Kong Economic Journal opposing the idea, ...