Income Effect The income effect is a concept that analyzes the change in consumers’ demand for goods and services based on their income.

The substitution effect is the decrease in a product's sales attributed to consumers switching to cheaper alternatives when its price rises.

If companies can better anticipate spikes and drops in demand, they can keep their plans up to the minute and gain a new stream of intelligence, improving the accuracy of their forecasting.

Objectives The present study examined effects of stability and change in exposure to job demands and job control (demand-control histories) in relation to the strain hypothesis of Karasek's ...

And that increased volume wasn’t the only change in the used-vehicle supply. The report showed those cars coming in were also newer, lower mileage and very much in demand.

Here, we project the economic impact of changes in energy demand for space heating and cooling under multiple climatic conditions.

We explore analytically cardinal effects of the extent of demand randomness on optimal inventory levels and the associated expected costs. To model changes in demand randomness, we make extensive use ...

Innovation is ignited. The Great Recession unleashed pent-up demand for change in the provision of legal services, but GCs didn’t believe in their firm partners’ ability to change.