(economics) An economic model of price determination in a market.
Supply-and-demand Sentence Examples
He was the first also to advance that argument in favour of religious establishments which meets upon its own ground the doctrine of Adam Smith, that religion like other things should be left to the operation of the natural law of supply and demand.
We report an empirical analysis of the responses of the supply and demand for secondary care to waiting list size and waiting times.
A slight burst of tears followed from Martha until Dean rendered a speech on survival of the fittest, the laws of the jungle, the food chain and supply and demand.
Regular trade - though rendered attractive by smuggling - and pearl gathering and similar operations which were spiced with risk, were open in vain to them, and in the absence of any domestic life, a hand-tomouth system of supply and demand rooted out gradually the prudence which accompanies any mode of settled existence.
If it exceeds this, the stock of fresh water held in the interstices of the rock, and capable of flowing towards the well, must disappear; and the deficit between the supply and demand can only be made up by water filtering from the sea and reaching the well at first quite free from salt, but sooner river water whatever.