Speakur

Word Pronunciation & Dictionary

supply and demand

Word Rarity Uncommon

Frequency: Zipf frequency 4.52 in modern English

Syllables
sup-ply and de-mand
IPA
27
Scrabble Score
15
Letters
3
Syllables
10
Unique Chars

Meaning

noun

A capitalistic model of price determination in a market, according to which, holding all else equal in a competitive market, the unit price for a particular good will eventually settle at a point where the quantity demanded will equal the quantity supplied (at the current price).

Uncountable

Usage

Phrases

Giffen good Jevons paradox law of demand Veblen good

Frequently Paired Words

Giffen good Jevons paradox law of demand Veblen good

Questions

What does supply and demand mean?
A capitalistic model of price determination in a market, according to which, holding all else equal in a competitive market, the unit price for a particular good will eventually settle at a point where the quantity demanded will equal the quantity supplied (at the current price).

How to pronounce supply and demand

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