Question

Journalists often (incorrectly) say that Demand is high or Supply is low. What would be a correct way of phrasing the idea they are trying to get at?

Answer 1

Here, they should use the term 'quantity demanded' instead of demand and 'quantity supplied' instead of supply.

Demand refers to the entire demand curve and quantity demanded refers to a point at the demand curve with respect to a price. Similarly, supply refers to the entire supply curve and quantity supplied refers to a point on the supply curve at a given price.

So, the journalists probably means to say that at the current price, quantity demanded is too high or the quantity supplied is too low.