Keresés
supply and demand
01
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
Példa
The price of crude oil fluctuates based on supply and demand dynamics in the global market.
This is a textbook instance of supply and demand at work in the economy.
In economics, supply and demand can often be modeled using linear functions to predict market behavior.
The teacher used a simple model to demonstrate how supply and demand affect prices.
The concept of supply and demand in economics is analogous to the law of cause and effect in physics.
