Abstract
The price of any transaction agreed between buyers and sellers reflects broad as well as specific forces at work in the economy. These economic forces must be taken into account for a proper understanding of why prices are as high or as low as they are. This chapter deals with the price mechanism, or the laws of supply and demand.
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© 1997 Stephen L. Gruneberg
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Gruneberg, S.L. (1997). Supply and Demand in Construction. In: Construction Economics. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13998-9_4
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DOI: https://doi.org/10.1007/978-1-349-13998-9_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-65541-2
Online ISBN: 978-1-349-13998-9
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