oboloo Glossary

Low Supply High Demand

oboloo Glossary

Low Supply High Demand

Low supply and high demand is an economic concept that describes the situation when there is less of a certain commodity available to buy than what buyers would like to purchase. In other words, when there are too many people trying to buy the same product and not enough available to go around. This imbalance can cause prices to rise higher, as buyers are willing to pay more for the product they want, creating a competitive environment for obtaining the goods. Low supply and high demand can create a surge in profits for the seller and can influence market trends and prices of related products or services.