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Supply and Demand, Considered Together

In: Reasonably Simple Economics

Author

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  • Evan Osborne

Abstract

To repeat: we live in a world of scarcity, so no one can have everything he wants. Some procedures have to be found to decide how resources will be used and who will get how much of the resulting output. One way to do that is the market, to whose workings I now turn.

Suggested Citation

  • Evan Osborne, 2013. "Supply and Demand, Considered Together," Springer Books, in: Reasonably Simple Economics, chapter 0, pages 33-60, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-5942-8_3
    DOI: 10.1007/978-1-4302-5942-8_3
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