The basic factors affecting demand economics are the quantity of a good or service consumers are willing to purchase and the price of the good or service. Other factors that influence demand economics include the price o... More »

The most essential factors affecting fuel costs, particularly gas and oil, are local competition, supply of the heating source, provider operating costs and the season itself. Costs are also subject to market fluctuation... More »

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In economics, demand is the quantity of goods or services that consumers are able and willing to buy at a given price at a particular time. The law of demand provides that, if all other market factors remain constant, th... More »

In economics, a market supply curve is a model showing the direct relationship between the price of a good or service and the quantity of that good or service supplied to the market by producers. The upward slope of the ... More »

In economics, the law of supply states that, considering all aspects equal, the price of a marketed good or service is directly proportional to the quantity supplied. As the price increases, the quantity supplied also in... More »

Factors affecting the quantity of items that consumers purchase, also called consumer demand, include cost, income level of consumers, personal tastes, consumer trust in future prices and the number of consumers purchasi... More »

Another term for "equilibrium price" in economics is "market-clearing price," which is a price point at which the market achieves a balance in terms of supply and demand. When the market reaches a market-clearing price, ... More »