supply and demand

noun

: the amount of goods and services that are available for people to buy compared to the amount of goods and services that people want to buy
If less of a product than the public wants is produced, the law of supply and demand says that more can be charged for the product.

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Storing the energy produced by wind turbines and solar panels during peak generation times, storage systems ensure its availability for later use, thus stabilizing the supply and demand of these otherwise intermittent resources. George Sakellaris, Forbes, 6 Jan. 2025 This could be a year of major changes in different spirits categories as far as sales and trends, but these could also be temporary or necessary course corrections that reflect a more realistic picture of supply and demand. Jonah Flicker, Robb Report, 3 Jan. 2025 Still, the market appears locked into a fundamental mismatch of supply and demand set to frustrate buyers, the experts added. Max Zahn, ABC News, 31 Dec. 2024 For example, while this may seem counterintuitive to Extremely Online types who don’t understand the law of supply and demand, NBA sales revenues are up 6% since the season began, good for a gain of $12.2 million versus last year. Anthony Crupi, Sportico.com, 27 Dec. 2024 See all Example Sentences for supply and demand 

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Cite this Entry

“Supply and demand.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/supply%20and%20demand. Accessed 18 Jan. 2025.

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