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Thursday, September 26, 2013

Demand and Supply


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In this podcast, Dwight Lee discusses the fundamental principles of demand and supply. He explains how the market process constantly directs people to accomodate one another in ways that move them toward the intersection of consumer demand and producer supply. (8:34 minutes)


  • Dwight R. Lee is the O’Neil Professor of Global Markets and Freedom in the Cox School of Business at Southern Methodist University.