law of supply and demand

British  

noun

1. 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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Example Sentences

See Examples For:

law of supply and demand

Another element keeping housing prices high is the classic law of supply and demand.

From Los Angeles Times ● May 29, 2026

The law of supply and demand is simple in theory, but less so in practice.

From Barron's ● May 14, 2026

Knowledge of current events, geography, and simple concepts like the law of supply and demand have been crowded out by willed ignorance and motivated reasoning.

From Salon ● Apr. 19, 2026

"If the world supply is lower because Spain is producing less and the demand remains the same, the price goes up - it's the law of supply and demand."

From BBC ● Dec. 5, 2023

In the new version of the law of supply and demand, jobs are so cheap—as measured by the pay—that a worker is encouraged to take on as many of them as she possibly can.

From "Nickel and Dimed: On (Not) Getting By in America" by Barbara Ehrenreich