VIDEO: What are supply and demand?

Video Video

We explain these fundamental economic principles that affect everything from everyday transactions to stock market moves.

Read the transcript for explains supply and demand

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John Beaton

My daughter recently evacuated Williams Lake because of forest fires. She observed several Williams Lake businesses that lagged behind the evacuation order and took advantage of the evacuation by raising prices dramatically on their goods or services. Notably, one was a grocery outlet and another was a hair dresser. This was perceived by evacuees as taking advantage of an emergency and those affected vowed not to buy goods or services from those establishments upon their return.

Wednesday, Aug 2, 2017 at 1:49 pm Reply