The equilibrium in a product market represents a state of balance where the forces of supply and demand align, resulting in a ...

Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

The market price and equilibrium output are fundamental concepts in economics, representing the point where supply and demand ...

Consumer surplus is a term used in economics that can have a significant impact on your business. When the cost of producing a product is more than what people are willing to pay, you have a consumer ...

July 22 (Reuters) - The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley (MS.N), opens new tab ...

Given Korea's dependence on imports for coal, oil and many industrial inputs, a strong dollar is likely to push up production costs across refining, steel, chemicals, food and aviation. For firms with ...

Consider a two-person intertemporal bargaining problem in which players choose actions and offers each period, and collect payoffs (as a function of that period's actions) while bargaining proceeds.