Using econometrics to pretend that the law of demand is dead is a dangerous delusion.
FORBES: The Minimum Wage Delusion, And The Death Of Common Sense
Higher prices being met with greater quantity demanded would seem to defy the law of demand.
FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation
Of course, other things seldom stay constant in the real world, so the law of demand is sometimes difficult to test.
FORBES: Obama's Minimum Wage Hike: A Case Of Zombie Economics
But just as when the wind blows a leaf upward, the law of gravity remains intact, so too with the law of demand.
FORBES: Obama's Minimum Wage Hike: A Case Of Zombie Economics
The law of demand tells us that people will want more of something at lower prices and less of something at higher prices.
The Law of Demand always works: the higher the price of anything, the less that will be taken, and this includes labor.
No legislator has ever overturned the law of demand, which says that when the price of labor rises, the quantity demanded will fall (assuming other things are constant).
FORBES: The Minimum Wage Delusion, And The Death Of Common Sense
The Law of Demand (the higher the price of anything, the less will be taken) predicts that employment will be adversely affected, especially for young and unskilled workers.
However, just thinking of economics 101, the law of supply and demand implies that if less of something is available there is a good chance the price of what on the market will increase.
As a faithful adherent to the Law of Supply and Demand, I am confident this can be achieved.
FORBES: Investors Are The Key To Solving The World's Water Problems
The Nahmads are quite familiar with the law of supply and demand.
Going back to the simple Law of Supply and Demand, our only solution is to increase the supply of clean water available in these communities.
FORBES: Investors Are The Key To Solving The World's Water Problems
The law of supply and demand tells us that we are going through a typical phase when industries mature and buyers start focusing on prices rather than features.
This is the law of supply and demand at its efficient best: Strong demand from retail investors has helped push these stocks to stratospheric heights because of the number of shares available for trading.
Current interpretations of the law allows law enforcement to demand your email carrier or Internet access provider turn over your email without the judicial oversight of a warrant many believe is required by the 4th Amendment.
FORBES: Lawmakers Propose Changes To Make Government Get Warrant Before Reading Your Email
India is strengthening the law following widespread public demand after the gang rape of a 23-year-old woman in New Delhi in December.
Experts say it is increasingly important for patients to lock in a primary-care doctor soon because of expected increased demand for physicians starting in 2014, when the new federal health-overhaul law will add millions of people to the health-insurance rolls.
He is insisting that the United States Senate accede during the post-Thanksgiving lame-duck session to his demand for the repeal of a 1993 law prohibiting homosexuals from serving in the armed forces.
Bolivia's anti-drug law allows 12, 000 hectares of Yungas coca, to satisfy demand for its traditional uses.
Brazil has countered by seeking a judgment on a clause in America's patent law which lets it demand that products invented with the help of government aid be made in America.
Moreover, many governments that provide medical care for their citizens (including America, if Barack Obama's health proposals become law) are beginning to demand that drugs firms prove the effectiveness of expensive new pills in practice as well as in theory.
This law rules the world of technology because of what economists call price elasticity of demand.
What's left out of the analysis is Say's Law: Supply creates its own demand.
The law of qisas, or retribution, in Saudi Arabia means his victim can demand that he suffers exactly the same punishment as he caused.
The aircraftmakers' confidence about the emerging world is based on what appears to be an iron law of aviation: rising numbers of urban middle-class people will mean rising demand for air travel, whatever short-term blips the economy suffers.
应用推荐