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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.

Word by Word Definitions

supply play

  1. : to add as a supplement

  2. : to provide for : satisfy

  3. : to make available for use : provide

  1. : assistance, succor

  2. : reinforcements

  3. : a member of the clergy filling a vacant pulpit temporarily

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demand play

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

  2. : something claimed as due or owed

  3. : question

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

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

  3. : to call for urgently, imperiously, or insistently

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