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Supply and Demand

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AP Macroeconomics

Definition

Supply and demand is an economic concept that explains how prices are determined in a market. It states that the price of a good or service is influenced by its availability (supply) and how much people want it (demand).

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AP European History
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Blockchain and Cryptocurrency
Business Economics
Business Fundamentals for PR Professionals
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Business and Economics Reporting
Business of Healthcare
Capitalism
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Civil War and Reconstruction
E-commerce Strategies
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Growth of the American Economy
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History of Economic Ideas
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Intro to FinTech
Intro to Fishing and Conservation
Intro to Geology
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Intro to Greek and Roman Archaeology
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Media Money Trail
Media Strategies and Management
Pharma and Biotech Industry Management
Physical Geography
Public Policy and Business
Real Estate Investment
Sculpture I
Social Studies Education
Starting a New Business
Swarm Intelligence and Robotics
The Modern Period

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Supply and Demand

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AP Macroeconomics

Definition

"Supply and Demand" also found in:

Subjects (63)

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study guides for every class

that actually explain what's on your next test

Supply and Demand

from class:

AP Macroeconomics

Definition

Related terms

"Supply and Demand" also found in:

Subjects (63)

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

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