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supply and demand

Definition of supply and demand in English:

The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price: by the law of supply and demand the cost of health care will plummet
More example sentences
  • The main task of the ECSC was to stabilize prices and coordinate supply and demand in the coal and steel market.
  • Others argue that in our economy, products find a price point by supply and demand.
  • The price system is that which balances supply and demand for scarce goods.
See parent entry: supply
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