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PolarNik [594]
2 years ago
8

The two words economists use most often are a. inflation and trade. b. supply and demand. c. competition and prices. d. markets

and equilibrium.
Social Studies
1 answer:
nadezda [96]2 years ago
3 0

Answer: supply and demand

Explanation: SUPPLY AND DEMAND are of great importance to an economist as this helps in determining and influence market price of goods and services. Supply refers to the number of goods and services that are available in the market place at a give time and at a particular market price while demand is quantity of goods consumer are willing and ready to buy at a particularr time and market price. A shift in demand or supply results in a change in price

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in the years leading up to the War of 1812.

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