He is a professor of economics and has raised more ... As prices increase, consumers demand less of a good or service. A supply curve, on the other hand, slopes upward. As prices increase ...

The law of demand is one of the most fundamental concepts in economics. Alongside the law of supply, it explains how ... A market demand curve expresses the sum of quantity demanded at each ...

Say placed supply above demand in importance to the ... originator of the Laffer Curve. The Laffer Curve has come to represent what supply-side economics is all about in the minds of most people ...