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the law of supply and demand

the law of supply and demand (la ley de la oferta y la demanda)

Idiom Economics

Meaning

an economic theory that states that the price of a good or service is determined by the availability of the product (supply) and the demand for it

una teoría económica que dice que el precio de un bien o servicio está determinado por la disponibilidad del producto (oferta) y la demanda de este (una teoria economica que dice que el precio de un bien o servicio esta determinado por la disponibilidad del producto (oferta) y la demanda de este)

Oraciones de ejemplo

"The law of supply and demand dictates that prices will rise if demand outstrips supply."

"La ley de la oferta y la demanda dicta que los precios subirán si la demanda supera a la oferta." (La **ley de la oferta y la demanda** dicta que los precios subiran si la demanda supera a la oferta)

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