In economics, the law of supply and demand is one of the fundamentals of economic theory. It expresses a direct relationship ...

It expresses the relationship between the urgency of consumer ... offer will rise in turn (and vice versa). When demand exceeds the available supply, the price of a product typically will rise.

The lag between interest rate changes ... Interest rates function by regulating demand which limits their effectiveness in situations of supply-driven inflation. Higher interest rates fail to ...