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 ?
Along with Opec's report, the International Energy Agency also released their monthly report last week in which they also pointed to an oversupply in the oil market in 2020.
"We will not achieve that if we continue to have an oversupply of car parks in the city centre."
In the retail property market, prime rents stagnated at US$5.1( Sh510 /sq ft/month, as the segment adjusted to the existing oversupply in some locations.
In Colorado and Washington, the first two states to have legalized recreational weed in 2012, rampant oversupply from licensed growers led to a precipitous decline in the per-gram price of marijuana.
The risk of undersupply and/or oversupply due to dual use of VA and Part D drug benefits may be especially high among complex patients with multiple conditions, who have increased needs for medications and specialty care, but reduced functional and cognitive capacity to navigate multiple health care systems.
Earlier, PDEA Director General Aaron Aquino was quoted saying that the oversupply of shabu led to the reduction of price especially in Metro Manila.
The DA director admitted that there has been an oversupply of tomatoes for the past three months even in other regions.
"We observe oversupply of petrol after completion of modernization of oil refineries, mainly of RON 92 petrol.
In the meantime, Taiwan's Council of Agriculture (COA) also made an effort to offset massive oversupply resulting from better-than-expected weather and unreasonable low prices, such as doubling export volume to Japan, the Middle East, and other overseas markets, and partnering with local hyper- and supermarket chains to drive demand with sales promotions.
The completion of the Tun Razak Exchange is also set to worsen the oversupply should demand remain soft, Sarkunan warned.
With demand for property stabilising over the past year, Dubai's real estate market has faced increasing concerns of oversupply as competition among developers continues to grow, according to a UAE-based developer.
Redundancies and an oversupply of housing units are cited as the main reasons.