Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
Final answer:
Supply and demand impact product prices by determining economic equilibrium.
Explanation:
Supply and demand interact to influence the price of a product in the market. When demand exceeds supply, prices tend to rise, and when supply exceeds demand, prices tend to fall. This interplay establishes the economic equilibrium where quantity demanded equals quantity supplied.
Learn more about Supply and Demand here:
https://brainly.com/question/32830463
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.