Supply and demand Meaning in English
expression
Definition
The economic principle that the price of a product is determined by how much of it is available (supply) and how much people want it (demand).
Usage & Nuances
Mainly used in economics and business contexts. Common collocations: 'law of supply and demand', 'equilibrium of supply and demand'. Often mentioned when explaining price changes in the market. Sometimes used metaphorically to describe any situation with limited resources and competing needs.
Example Sentences
The price went up because of supply and demand.
basic
Supply and demand affect the market.
basic
When supply and demand are balanced, prices stay stable.
basic
It's all about supply and demand in this business—when people want more, prices go up.
natural
If you want to understand why tickets sell out, just look at supply and demand.
natural
The housing market right now is a perfect example of supply and demand at work.
natural