Supply & Demand 101

Supply & Demand 101

Supply and demand is a fundamental concept in economics, which describes the relationship between the availability of a product or service and its demand, and is a core concept and philosophy in what we do at ShareBuilders. Supply refers to the amount of a product or...
Pricing Strategy for Inelastic Demand

Pricing Strategy for Inelastic Demand

Different types of demand require different pricing strategies. Inelastic demand refers to a situation where a change in price has a relatively small impact on the quantity of a product or service demanded by buyers. In other words, buyers aren ‘t price...