law of supply and demand

noun

the theory that prices are determined by the interaction of supply and demand: an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply

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Example Sentences

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It’s about the old law of supply and demand.

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"If the world supply is lower because Spain is producing less and the demand remains the same, the price goes up - it's the law of supply and demand."

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It is one of the only things some economists agree on since the law of supply and demand shows that price ceilings result in shortages.

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Gas prices surged — the law of supply and demand.

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Why not use the law of supply and demand to help solve our problem?

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law of superposition law of the jungle

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