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Discover LudwigThe phrase "dampen demand" is correct and usable in written English.
It can be used in contexts where you want to express the idea of reducing or lessening the demand for a product or service.
Example: "The recent price increase is expected to dampen demand for the new smartphone model."
Alternatives: "curb demand" or "reduce demand."
Exact(57)
If housing were like any other consumer good, rising prices should eventually dampen demand.
The backlog of unsold houses remains high, and rising mortgage rates may further dampen demand.
Fiscal tightening later in the year will dampen demand for resources, putting a ceiling on prices.
For now, it seems that only rising prices could dampen demand.
The expiration of a car-scrappage scheme will dampen demand in Japan.
Higher oil prices can dampen demand and make crude more costly to process.
A surge in imports would further dampen demand for seeds from people like Mr. Sun.
Reduced subsidies for oil use, common in oil-producing countries but increasingly unaffordable, will also dampen demand.
Buyers and sellers alike discovered that rising prices did very little to dampen demand, leaving nothing to hold prices back.
In the near term, however, the recession and a growing concern about light pollution may dampen demand for the supersigns.
Similar(1)
That failure didn't dampen demands for a bipartisan compromise that secured the border while offering a way for millions of undocumented immigrants to come out of the shadows.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com