Sudden demand surges or supply chains snarls will drive prices up quickly. Businesses face two issues when this happens, First, when a price rises sharply, how long will it take for increased supply ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Elasticity is a method of measuring the likelihood of one economic factor affecting another, such as when the price of an item affects consumer demand or when supply affects how much something costs.

Supply is as relevant to a business as gravitational force is to the Earth. A fundamental economic theory, supply refers to the quantity of goods a producer is willing and able to sell at a specific ...

The total revenue a company earns is the amount of product it sells times the price of that product. That price and quantity depend on the company's supply curve, which illustrates a variety of ...