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law of supply and demand

   Also found in: Wikipedia 0.01 sec.
law of supply and demand
n
(Economics) 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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The law of supply and demand is perfectly capable of taking care of such matters.
Government must stop interfering in market prices by Cyprus Mail (Cyprus)
Most of the firms have refused to accept this condition, saying that the prices of cement should be left to be controlled by the law of supply and demand same as all other products.
Cement firms sell 22 million tons in 7 months by Saudi Economic Survey
It is just the law of supply and demand," Jeff Graiford, media manager at KZN Wildlife.
SAfrican game auction shrugs off the recession by AFP / AFP Global Edition
 
 
 
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