The market theory of supply and demand was popularized by Adam Smith in 1776. Consumer demand for a good decreases as its price rises. As prices rise, producers manufacture more to gain more profits.

A decrease in quantity demanded represents movement along the demand curve with changes in price. Take the example of the demand for avocados. When the price is high, at $2, consumers are less ...

Taste and preference can also have a large impact on demand. Businesses often use marketing campaigns to attempt to change your tastes and preference from one product to another. This can create ...

How to Graph a Demand Schedule It can be useful to graph a demand and supply schedules for a visual representation of the market for a particular product. In a traditional supply and demand graph ...

Hunch runs the taste graph on a supercomputer with 48 processors and one terabyte of memory. Despite massive computing power, it takes two days for the taste graph to completely refresh.