1 Under the health care law, you must have qualifying health coverage or pay a fee on your next federal tax return.  The penalty in 2016 is 2.5% of household income or $695 per adult (half of that per child), whichever is higher. Learn more about the fee for not being covered.
The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.
The following article provides an overview of supply and demand in general and explains the differences between demand and supply curves. Demand Curve. Demand is defined as the desire to purchase goods and services backed by the ability and willingness to pay a price. The law of demand is an important concept in economics that looks at the relationship between the price and quantity demanded.