Harvard’s Joint Center for Housing Studies lays the housing affordability crisis in its sprawling annual report on the state ...

Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large ...

Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but ...

The mean price of residential dwellings in NSW ($1,245,900) remains the highest in the country, followed by QLD ($944,700) and the ACT ($941,300). This quarter sees the mean price in QLD overtake ACT ...

Demand curves can be used to understand the price-quantity relationship for consumers in a particular market, such as corn or soybeans. The demand curve generally slopes down from left to right ...

If the actual values of price and quantity are both above or both below their predicted values, the category is labeled as “demand-driven.” If the difference between actual and predicted values are of ...

The price is now raised above what it it was at equilibrium so consumers aren't willing to buy as much quantity. Wheat costs them more than it did before, so they buy fewer wheat products.