Price is dependent upon the characteristics of both demand and supply. An equilibrium price is a balance of demand and supply factors. Changes in the equilibrium price occur when either demand or supply, or both, shift or move. In this scenario, as a market moves from a single seller to a competitive one, a product's price decreases. The greater the competition the lower the price of the product, because each company wants to attract customers and lower price is the most influential factor.
Our Sun rotates about the center of our Galaxy at 1000 years that is the answer to <span>What is the period of the Sun's orbital motion about the center of the Galaxy 1</span>000 years
