Explain the theory of Supply and Demand. How do Supply and Demand affect the price of an item in a market system?

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Explanation:

The more the demand the higher the price the less of the demand the lower the price

depending on the demand of a product the price goes up or down. for example, When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss.

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answer; (73%);