Question

The price of a commodity is
determined by the
interaction of supply and
demand in a market. The
resulting price is referred to
as the equilibrium price and
represents an agreement
between producers and
consumers of the good.
a) Identify an event that
involves prices that you
have observed in the news,
history, or your life that
might be explained with
Supply and Demand.
Your answer needs to
provide at least two
paragraphs.
The first paragraph
discusses your observation.
The second paragraph
explains how you use
Supply and Demand.
Please make sure to
indentify the groups that
determine the supply and
the group that determines the demand​

Answer 1

Answer:

thank you for the free points