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Sagot :
Final answer:
Supply and demand determine the equilibrium price where quantity demanded equals quantity supplied, establishing the market price.
Explanation:
Supply and demand play a crucial role in setting prices for goods. The equilibrium price is determined where quantity demanded equals quantity supplied. This balance between supply and demand establishes the market price for a good or service.
Learn more about supply and demand here:
https://brainly.com/question/32830463
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