Respuesta :
Businesses wish to sell their products at high prices. consumers with to buy products at low prices. in a market economy this conflict is usually resolved by competition.
Why do Supplies sell more at a higher price and less at a lower price?
Typically, economists combine the volumes that suppliers are willing to produce at various prices into a formula known as the supply curve. The likelihood of suppliers producing more increases with pricing. On the other hand, the cheaper a product is, the more people tend to buy it.
how are prices determined in a market?
The interaction of a market's supply and demand factors determines price. The desire of consumers and producers to engage in purchasing and selling is represented by demand and supply. When buyers and sellers can agree on a price, a product exchange takes place.
Learn more about how the price is determined: https://brainly.com/question/13945993
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