Supply and demand

(redirected from Law of demand)
Also found in: Financial, Encyclopedia.
Related to Law of demand: Demand curve, Law of supply
Translations
oferta y demanda
References in periodicals archive ?
The truckers will have competition and the law of demand and supply will apply and then the security and safety of the cargo will imporve.
They group three or more related modules in chapters on such topics as elasticity and the law of demand, government policy and taxes, economics and decision making, market structure and perfect competition, market failure and the role of government, factor markets and the distribution of income, unemployment and inflation, aggregate demand and aggregate supply, policy responses to unemployment and inflation, and open-economy macroeconomics.
That 1% or 2% discount matters because of the law of demand. The law states that as price goes down, quantity demanded goes up.
But the law of demand and supply will bridge the gap in wages as the demand for truckers is due to remain unfulfilled.