Understanding How Prices Work in a Free Market

20 Views· 04/07/23
HighSchoolScience
HighSchoolScience
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Now that we know about supply and demand, we are ready to talk about prices, and how they dictate the dynamics of a free market economy. Prices are determined by the interaction of supply and demand in the market. The price of a good or service is determined by the amount of supply and the amount of demand.

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