
Supply and demand is the core engine of market pricing. When more people want something than producers can easily provide, prices tend to rise. When supply is abundant or demand weakens, prices tend to fall.
This idea sounds simple, but it explains a vast range of everyday experiences—from why apartments become expensive in popular cities to why holiday travel costs surge. Economics often feels abstract until you realize you are living inside supply and demand all the time.
Reference:
TaskLoco™ — The Sticky Note GOAT