Demand elasticity is a phenomenon where demand for a specific good or service changes depending on factors such as how it is priced, whether alternatives are available or local income trends.

The economic concept, which describes consumers’ sensitivity to prices, is a hot topic as inflation soars and executives fret about profits. By Jason Karaian and Veronica Majerol S&P 500 company ...

The thing that will make companies lower prices is if consumers stop complaining about paying more for the things they need and want, and actually start refusing to buy them. This dynamic of how ...

CHICAGO, April 11 (Reuters) - Major U.S. airlines are expected to reiterate the strength of travel demand when earnings season gets underway later this week. But with rising interest rates, high ...

This first appeared in the Planet Money newsletter. You can sign up here. Last week, news spread that a Chinese AI company, DeepSeek, had built a cutting-edge chatbot at a fraction of the cost of its ...

Wood Mackenzie projects a 1.5 million b/d increase in global oil demand in 2024, with a sizable portion of this growth expected in the latter part of the year. Amidst ongoing efforts towards achieving ...