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Sagot :
Final answer:
Supply and demand determine prices in the market, with competition leading to better quality and lower prices.
Explanation:
Supply and demand interact to determine the price of a product in the market. When demand exceeds supply, prices tend to rise, and when supply surpasses demand, prices tend to fall. Competition among businesses offering similar products to the same buyers also influences prices by driving better quality and lower prices.
Learn more about Supply and Demand here:
https://brainly.com/question/32830463
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