Economy, asked by sangteilianhna, 3 months ago

how do the forces of demand and supply determine the equilibrium price?​

Answers

Answered by jayaharinisree
5

Explanation:

Supply and demand is an economic model of price determination in a market. ... If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.

hope it helps you friend

Similar questions