Supply and demand coordinate to determine prices by working together.
Supply and demand work hand in hand when determining prices of goods and service in the market.
According to the law of demand the higher the price of goods in the market the lower the demand for those goods while the law of supply states that the higher the price the higher the supply.
In the market the supply and demand plays an important roles as it enables consumer to determine the actual prices and quantity of goods in the market.
Inconclusion supply and demand coordinate to determine prices by working together.
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