People who have taken high school economics should know about the law of supply and demand. Put simply, if demand for a good or service rises relative to supply, the price for the good or service increases. Conversely, if the supply of the good or service exceeds demand, the price drops. When supply and demand equilibrate, the price stabilizes. This is a spontaneous, self-directed market phenomenon that Adam Smith metaphorically called an “
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As GLP‑1 Drug Shortage Ends, Why Will…
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People who have taken high school economics should know about the law of supply and demand. Put simply, if demand for a good or service rises relative to supply, the price for the good or service increases. Conversely, if the supply of the good or service exceeds demand, the price drops. When supply and demand equilibrate, the price stabilizes. This is a spontaneous, self-directed market phenomenon that Adam Smith metaphorically called an “