Question

1 how do the forces of supply and demand determine

Answer 1

For economics it combines thedemand and the supply curve todetermine price. This price is called an equilibrium price, since it balances the two forces of supply and demand. An equilibrium price is the price at which the quantity demanded is equal to the quantity supplied.

Answer 2

Explanation:

Supply and demand is the relationship between buyers and sellers that is used as a measure for price determination in financial markets. The forces of supply and demand interact to affect an equilibrium price between buyers and sellers whereby the quantity of demand equals the quantity of supply.