Supply and demand

(redirected from Law of demand)
Also found in: Financial, Encyclopedia.
Related to Law of demand: Demand curve, Law of supply
oferta y demanda
References in periodicals archive ?
Cheaper, high quality and secured services point to one thing, that is a higher demand, and according to the proven law of demand and supply in economics, the higher the demand, the higher the price.
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's the law of demand, a fundamental idea in economics.
That 1% or 2% discount matters because of the law of demand.
But the law of demand and supply will bridge the gap in wages as the demand for truckers is due to remain unfulfilled.
When contemplating entering a new market, to that particular supplier, or a company is introducing a new product into their existing market, in either case, it will be necessary to understand this performance segmentation demand first and then apply the law of demand in setting its' entrance pricing strategy.