Exchange Currency

law of supply and demand

This says, most simply, that prices depend on supply and demand. More precisely, price is determined so as to equate quantities supplied and demanded. Even more precisely, a price tends to rise when demand exceeds supply, and vice versa.

Related information about law of supply and demand:
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    Law of supply and demand definition in economics told through examples. Supply and demand plays an important role in economic theory.
     
  6. What is law of supply and demand? definition and meaning
    Definition of law of supply and demand: The common sense principle that defines the generally observed relationship between demand, supply, and prices: as ...
     
  7. law of supply and demand - The Free Dictionary
    (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 ...
     
  8. The Law of Supply and Demand - Foundation for Economic Education
    However, when we dig just a little below the surface of the “law” of supply and demand, we encounter difficulties that have, directly or indirectly, led Austrians to ...