The relationship of demand and supply determines market prices. A balance of demand and supply factors determines an equilibrium price. When demand or supply, or both, shifts or moves, the equilibrium price changes.
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Answer: Although the European Renaissance is commonly studied, it is routinely considered only in the context of European artistic developments and rarely global artistic trends. Korean art of the same period (1400-1600CE) was going through a similar pattern of rebirth and development. Both groups were dealing with political and social change that was reflected in the development of new and revival art styles. There are three main elements that occur in both areas, secularism, retention of religious art, and the revival of classical styles. Secularism became increasingly popular, while traditional religious works, based on Christianity and Buddhism remained present and were sponsored by royal patrons. Artistic revival differs in the topics being revived, but both cultures looked to past artists to inspire new works. The Koreans looked to Song Dynasty classics and other landscapes to inform their new works, while Italian artists looked to classical Greek subjects and style, reviving the flowing fabrics and glorification of the human form that was lost in medieval works.
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