Supply and demand,
Definition of Supply and demand:
The amount of a product which is available and the amount which is wanted by customers.
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.
How to use Supply and demand in a sentence?
- The new toys popularity skyrocketed after being featured on several tv shows, causing issues with supply and demand as it sold out everywhere.
- By the law of supply and demand the cost of healthcare will plummet.
- The whole market was at the mercy of the theory of supply and demand , no company would risk producing more then the customers wanted or could buy.
- I was very disappointed to run out of product because people were wanting it so much that our supply and demand suffered.
Meaning of Supply and demand & Supply and demand Definition