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alexandr1967 [171]
3 years ago
12

Which is true of how the market sets prices

Social Studies
1 answer:
son4ous [18]3 years ago
7 0
The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded.
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