The price of a product is determined by the law of supply and demand
Arresting Samuel Adams and John Hancock.
The act of reproducing the behavior of a process using a model that describes each step of the process is called simulation.
Simulation is the imitation of the behavior of a real process or system over time. Simulation requires the use of models. A model represents the key properties or behavior of a selected system or process, and a simulation represents the evolution of the model over time.
The definition of a simulation is a model or representative example of something. If you are writing a computer program to model the flight of an airplane, this is an example of simulation.
The underlying purpose of simulation is to reveal the underlying mechanisms that control system behavior.
Learn more about simulation here:brainly.com/question/15892457
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