supply and demand

supˌply and deˈmand noun [uncountableU]

the relationship between the quantity of goods for sale and the quantity of goods that people want to buy, especially the way it influences prices 供求关系

the law of supply and demand

供求法则

Examples from the Corpus

supply and demand• As a matter of fact, a single event might simultaneously affect both supply and demand.• The direction of the change in quantity depends upon the relative sizes of the changes in supply and demand.• A graphic analysis of supply and demand should yield the same conclusions.• Real Dangers It's the market place economy, a case of supply and demand.• Essentially it is a matter of identifying the sources of supply and demand.• As noted elsewhere, it is the relevant supply and demand elasticities that matter.• Instead, they argue that gold is behaving more like a traditional commodity, responding to supply and demand forces.

law of supply and demand• He is unfamiliar with national levels of price-fixing and laws of supply and demand.• During the fifteenth century, the laws of supply and demand worked in favour of the peasantry.• He is a very pure kind of capitalist who believes fanatically in the laws of supply and demand.• Retail prices are therefore very susceptible to the law of supply and demand.

From Longman Business Dictionary

supply and demandsupˌply and deˈmand noun [uncountableU]

ECONOMICS the relationship between the amount of products and services that are for sale and the amount that people want to buy, especially in the way this affects prices

the widening gap between supply and demand

Thelaws of supply and demand clearly contribute to higher prices.

→ compare demand and supply

supˌply and deˈmand noun

Chinese

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