Lesson 4 of 8 · 7 min
Supply, demand and price
In a market, buyers and sellers meet. Demand is how much buyers want at a price; supply is how much sellers offer. When demand is high and supply is low, prices rise; when supply is high and demand is low, prices fall. Price balances the two.
🙋 ↔ 📦 = 💰
Supply and demand set the price
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Question 1 of