supply and demand

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Supply and Demand

The availability of goods and services in the market and the desire of consumers to buy them. Supply and demand is a major factor (some economists believe the only factor) in determining the price of a good or service. See also: Law of Supply and Demand.

supply and demand

see SUPPLY CURVE, DEMAND CURVE.

supply and demand

An economic principle that says the price is determined by the point where supply equals demand.As supplies increase and purchasers have more choices of housing or commercial spaces,sellers and landlords will begin to compete on the basis of price and prices will come down.As demand increases and there are insufficient properties in the market to meet the demand, purchasers will begin bidding up the prices or sellers will raise prices until they meet some price resistance.

References in periodicals archive ?
It provides a measure of price (or cost) per unit of harvest volume (which is a break-even price), as measured on the vertical axis of an economic supply curve.
Whether we are drilling more wells in our source fields, adding compression and the related supply facilities, or building new distribution infrastructure, we recognize that this business is a long-term investment for all parties; reliable and economic supply is essential.
These activities are precarious, however, and tying the economic supply to one source has seen some towns suffer, particularly in the recent financial crisis.
But once the oil is brought to shore, it will creep into the world's economic supply chain unnoticed by consumers.
The GPC also approved the opening of an office for economic supply in Singapore.
The report complements the consultation document that National Grid issued in June which highlighted the different solutions available to ensure a safe, secure and economic supply of electricity is maintained.
A tonnage war is a naval strategy designed to disrupt the enemy's economic supply chain by destroying merchant shipping.
There is no shortage of any commodity, whilst some are not abundant (oil) there is enough to meet demand but the investment market owes nothing to basic economic supply and demand principles - it is largely driven by greed, self-interest and hubris.
Tomber also includes a discussion of the pottery's contribution to debates about the production, consumption, and transport of commodities in Roman Egypt, and, in particular, the economic supply system in place in the Eastern Desert during the period of Roman rule.
In order to shed light on the issues of stable and economic supply we think it quite important to carry out the feasibility study for production in Brazil and for export marketing.
One doesn't have to study the intricacies of economic supply and demand to see that we have a formula for major consolidation.
The DEA comprises a vast network of offices, ranging from the Office for Consumer Matters and the Office for National Economic Supply to the Office for Agriculture and the Competition Commission.