supply and demand

noun

: the amount of goods and services that are available for people to buy compared to the amount of goods and services that people want to buy

If less of a product than the public wants is produced, the law of supply and demand says that more can be charged for the product.

Examples of supply and demand in a Sentence

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The country is producing well over 13 million bpd, and is expected to maintain output in 2025. Also adding to supply and demand bearishness is a stronger dollar. —

Gaurav Sharma, Forbes, 22 Dec. 2024 This practice of prices changing based on real-time supply and demand received plenty of backlash from consumers and prompted the Federal Trade Commission to investigate how companies use consumers’ data to set prices. —

Nerdwallet, The Mercury News, 13 Dec. 2024 Bloomberg | Bloomberg | Getty Images One interpretation of the law of supply and demand is that when demand outstrips supply, scammers get busy. —

Bob Woods, CNBC, 8 Dec. 2024 With this immense hunger came an imbalance of supply and demand for tickets around the world. —

Kari McMahon, Billboard, 6 Dec. 2024 See all Example Sentences for supply and demand

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“Supply and demand.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/supply%20and%20demand. Accessed 30 Dec. 2024.

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