Demand and supply curves can be charted on a graph ... whereas elastic goods are very responsive to price. A classic example of an inelastic good (at least in the short term) is energy. Consumers ...

Aggregate supply and demand are represented separately by their own curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

This story is part of your SHN+ subscription In 2025, demand is surging. The rate of newly built communities is not. If the ...