supply and demand

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Related to Law of supply: Law of supply and demand, Law of demand, Supply curve

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 ?
The book was published in laminated boards with a very limited print run of only 500 copies, thus, once again, the law of supply and demand comes into force.
THE bedrock of economics is the law of supply and demand.
Demand continues to outstrip supply, and the law of supply and demand rules.
Populist deputies, ignoring the law of supply and demand as well as the right of individuals to secure maximum returns from their property, have decided to set maximum prices for private car parks.
DO local politicians know the law of supply and demand?
And let's pick on the law of supply and demand - people will go where they can to get a good deal or where they like to shop.
If that pushes up the price, causing addicts to commit more crimes to feed their pounds 100-a-day habits, it is an inevitable result of the law of supply and demand.
Haefele ("Suing for Relief," page 44) and Diane Katz and Henry Payne ("Electric Go-Karts," page 46) point out, California legislators have been busy trying to repeal the law of supply and demand with regard to electric cars too.
Pursuant to the law of supply and demand, this will result in a new crop of purchasers who will contribute to the already recovering sales market.
For no matter what changes are made in rates and rules, there is an inescapable reality to the law of supply and demand: When there isn't enough electricity, it will inevitably be rationed either by sky-high prices or by ruinous blackouts.
In today's economic conditions, the mark will rise against other European currencies -- it's the basic law of supply and demand.
It is the simple law of supply and demand - a growing installation base plus a shortage in technical professionals means an extremely high need for Microsoft Certified System Engineers (MCSEs) over the next few years.