explain the prise determination process of market alone with a diagram.
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Determination of Market Price: Market price is determined by the equilibrium between demand and supply in a market period or very short run. The market period is a period in which the maximum that can be supplied is limited by the existing stock.
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Market price is determined by the equilibrium between demand and supply in a market period or very short run. The market period is a period in which the maximum that can be supplied is limited by the existing stock.The market period is a period in which the maximum that can be supplied is limited by the existing stock.
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