The concept of supply and demand and its impact on market prices

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2023-04-17 09:30:23 -

The concept of supply and demand is one of the fundamental principles in economics. It states that the price of a good or service is determined by the interaction between the quantity of the good or service that producers are willing and able to offer (supply) and the quantity of the good or service that consumers are willing and able to buy (demand). When there is a high demand for a...

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