Question

visit the vegetable market in your nearby area and collect the data regarding the changes in demand and supply for slid
and study​

Answer 1

Answer:

Market prices are dependent upon the interaction of demand and supply.

An equilibrium price is a balance of demand and supply factors.

There is a tendency for prices to return to this equilibrium unless some characteristics of demand or supply change.

Changes in the equilibrium price occur when either demand or supply, or both, shift or move.

Answer 2

Explanation: There is a tendency for prices to return unless some characteristics of demand or supply change.Changes in the equilibrium price occur when either demand or supply, or both, shift or move

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