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How to supply and demand work together to determine price? In other words, what happens to both supply and demand when prices rise/fall?
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How to supply and demand work together to determine price? In other words, what happens to both supply and demand when prices rise/fall?

User Chiuki
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A key function of the market is to find the equilibrium price when supply and demand are in balance. At this price, the goods supplied are equal to what is being demanded thereby bringing about the most efficient allocation of the goods.
User Patdugan
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