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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
Example
This is a textbook instance of supply and demand at work in the economy.
Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
The inverse relationship between supply and demand often dictates market prices.
例
This is a textbook instance of supply and demand at work in the economy.
Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
The inverse relationship between supply and demand often dictates market prices.
The interplay between supply and demand determines market fluctuations.
The concept of supply and demand is familiar to most students studying economics.
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