supply and demand


Definition of supply and demand

  1. :  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.

Word by Word Definitions

  1. :  to add as a supplement

    :  to provide for :  satisfy

    :  to make available for use :  provide

  1. :  assistance, succor

    :  reinforcements

    :  a member of the clergy filling a vacant pulpit temporarily

  1. :  an act of demanding or asking especially with authority

    :  something claimed as due or owed

    :  question

  1. :  to call for something in an authoritative way :  to make a demand :  ask

    :  to ask or call for with authority :  claim as due or just

    :  to call for urgently, imperiously, or insistently

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