For example, although he claims that "modern economics has no theory of price," he concedes that its theory of competition (the "market structure" approach to pricing) "is the concept at the root of modern economics' theory of price" and that the law of supply
and demand is "the closest thing modern economics has to a general theory of price" (pp.
Employed optometrists allege that so-called "master shopticians" are very keen for the economic law of supply
and demand to operate in their financial favour.
The money market is a market where the price of money is determined by the law of supply
and demand, but in Lebanon we have a centralized decision with regard to fixing exchange rates," he said.
The law of supply
and demand is perfectly capable of taking care of such matters.
But there is still a higher overriding economic law of supply
and demand that fuels these outlawed transactions.
Jurys Hotel maintains charging EUR450 for rooms which normally cost EUR99 is down to the old law of supply
According to the BCCI, salaries should be determined only through the law of supply
and demand and should not be subjected to decisions by institutions.
He's protected by a moderate talent worth millions in a world which worships the law of supply
Furthermore, the lack of development has supported higher prices for commercial real estate but housing prices have not followed the same law of supply
In terms of the law of supply
and demand, there is only so much land.
As retail outlets become more desirable off the back of the Bullring, and soon Martineau Galleries, the law of supply
and demand means that the cost of acquiring sites is bound to rise.
This is an understandable reaction, but it ignores what is actually causing the problem: the law of supply