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> the law of supply and demand continues to be a law There's no such thing as "the law of supply and demand", there's the law of supply[1] and the law of deman
by walterclifford 11y ago
> the law of supply and demand continues to be a law
There's no such thing as "the law of supply and demand", there's the law of supply[1] and the law of demand[2]. These laws contribute to the supply and demand model[3], but you won't find "the law of supply and demand" printed in any economics textbook.
[1] https://en.wikipedia.org/wiki/Law_of_supply https://en.wikipedia.org/wiki/Law_of_supply
[2] https://en.wikipedia.org/wiki/Law_of_demand https://en.wikipedia.org/wiki/Law_of_demand
[3] https://en.wikipedia.org/wiki/Supply_and_demand https://en.wikipedia.org/wiki/Supply_and_demand
- Pyxl101 11y agoSo, tack on an "S" and you're good! The laws of supply and demand.