To save this word, you'll need to log in.
Definition of supply and demand
: 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.
Comments on supply and demand
What made you want to look up supply and demand? Please tell us where you read or heard it (including the quote, if possible).
Test Your Vocabulary
May 2020 Words of the Day Quiz
- Which is a synonym of exiguous?
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
Test Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridgedWords at Play
Ask the Editors
Word Games
Share supply and demand