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supply and demand vs offer and demand

The correct phrase is 'supply and demand'. 'Offer and demand' is not a common or correct phrase in English. 'Supply and demand' is a well-known economic concept that refers to the relationship between the availability of a good or service and the desire for it.

Last updated: August 06, 2024 • 1604 views

supply and demand

This phrase is correct and commonly used in English.

This phrase is used in economics to describe the relationship between the availability of a product or service (supply) and the desire for it (demand).

Examples:

  • The price of a product is determined by the balance of supply and demand.
  • Understanding supply and demand is crucial for businesses to set prices effectively.
  • Levels of supply and demand for varying prices can be plotted on a graph as curves. The intersection of these curves marks the equilibrium or market-clearing ...
  • In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, the unit price for ...
  • In any market transaction between a seller and a buyer, the price of the good or service is determined by supply and demand in a market. Supply and demand ...
  • This report reflects the data challenges and uncertainties of projecting future workforce supply and demand.

offer and demand

This phrase is not correct or commonly used in English.


Alternatives:

  • supply and demand
  • demand and supply
  • demand and offer
  • supply and offer
  • market forces

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