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

Recent Examples on the Web

Planners attempt to coordinate this vast network of people, products and places to profitably match supply and demand. —Daniel Pellathy, The Conversation, 31 May 2024

Because of supply and demand, tickets resold on the secondary market can be much higher than face value. —Wendy Lee, Los Angeles Times, 23 May 2024

The company, wrote Dan Wall, head of corporate affairs, does not set prices and those are subject to the rules of supply and demand. —Chris Morris, Fortune, 23 May 2024

This supply and demand balance is essential for keeping the economy in check. —Steve Booren, The Denver Post, 19 May 2024

Operators hope that with the help of these storage tools, AI will be able to deal with discrepancies between supply and demand, minimizing waste and making the grid more efficient by monitoring it in real time and balancing generation and usage. —Dylan Sloan, Fortune, 6 May 2024

Fortunately, the spike in consumption over recent months will reverse itself in the fall as temperatures drop, bringing supply and demand into better balance, de Haan said. —Max Zahn, ABC News, 29 Mar. 2024

Companies like Siemens and General Electric are using AI to optimize the performance of electrical grids, balancing supply and demand, and integrating renewable energy sources more efficiently. —Neil Sahota, Forbes, 28 Mar. 2024

Boeing’s recent problems are further widening the gap between supply and demand. —Anthony Palazzo, Fortune, 18 Mar. 2024