Other articles related to "adjustment, price adjustment, prices":
... In economics, the concept of quantity adjustment refers to one possible result of supply and demand disequilibrium in a market, either due to or in the absence of external constraints on the market ... textbook story, if the quantity demanded does not equal the quantity supplied in a market, price adjustment is the rule if there is a market surplus or glut (excess supply), prices fall ... However, instead of price adjustment—or, more likely, simultaneously with price adjustment—quantities may adjust a market surplus leads to a cut-back in the quantity supplied ...
Famous quotes containing the words adjustment and/or price:
“The terror of the atom age is not the violence of the new power but the speed of mans adjustment to itthe speed of his acceptance.”
—E.B. (Elwyn Brooks)
“To me a book is a message from the gods to mankind; or, if not, should never be published at all.... A message from the gods should be delivered at once. It is damnably blasphemous to talk about the autumn season and so on. How dare the author or publisher demand a price for doing his duty, the highest and most honourable to which a man can be called?”
—Aleister Crowley (18751947)