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law of supply and demand

   Also found in: Wikipedia 0.02 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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Furthermore, the lack of development has supported higher prices for commercial real estate but housing prices have not followed the same law of supply and demand.
That stance began to change as unions wised up to the law of supply and demand.
They were able to develop questions based on environmental needs, using effective strategies for locating information, identifying examples of responsible citizenship in the school setting and understanding the law of supply and demand.
 
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