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supply and demand

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
supply and demand
the availability of things or people as compared to the need to utilize the things or people; the availability of goods compared to the number of willing customers for the goods. Sometimes you can find what you want by shopping around and other times almost no store carries the items you are looking for. It depends entirely on supply and demand. (Alludes to a principle of market economics.) Sometimes customers ask for things we do not carry in stock and other times we have things in abundance that no one wants to buy. Whether or not we can make money off of a product depends entirely on supply and demand.
See also: and, demand, supply


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? References in classic literature
I assume that a salary is the price paid for a commodity, and it ought to conform with the law of supply and demand.
Political Economy shrieked at the horrid proposal; the Laws of Supply and Demand veiled their majestic faces in dismay.
Why, if there is anything in supply and demand, life is the cheapest thing in the world.
 
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