When an economist says that it is an uneconomical use of words in a poem to say “half a league, half a league, half a league – onwards” where it is possible to say “one and half leagues – onwards”, ...Demand And Supply
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One of the oldest and best-known rules of economics is the law of supply and demand: that supply and demand are constantly seeking equilibrium, but when demand exceeds supply, prices rise and when supply outstrips demand, prices fall.
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