One of the crucial aspects of international goods is their high price elasticity of demand, a concept that plays a ...

Sudden demand surges or supply chains snarls will drive prices up quickly. Businesses face two issues when this happens, First, when a price rises sharply, how long will it take for increased ...

OECD countries represent largely inelastic demand, with commuting and travel representing some of the more price-sensitive activities. Historical behaviors included increased public transportation ...