supply and demand

noun

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.

Learn More about supply and demand

Share supply and demand

Statistics for supply and demand

Look-up Popularity

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).

WORD OF THE DAY

evasion of direct action or statement

Get Word of the Day daily email!

Test Your Vocabulary

Great Scrabble Words—A Quiz

  • scrabble-tiles-that-read-scrabble-quiz
  • Which of the following Q-without-U words means the number five in cards or dice?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!