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1. What is market forces?

- An any event on policy that affects the economy will work through it’s impact on
supply and demand of some goods. During times of low supply and high demand,
prices are driven up by market forces and also during times of strong supply or low
demand, prices are driven down by market forces. And In an equilibrium of the price
between buyers and sellers, where the quantity of demand equals the quantity of
supply, the forces of supply and demand interact to impact the price.
2. What is  the relationship of price to quantity demanded, and price to quantity
supplied?
- - the relationship of price to quantity demand is the higher the price is the lesser the
demand and the lesser the price the higher the demand. In any situations where
consumers would be demanding a product that manufacturers would not be able to
deliver, there would be a scarcity in such a situation. In this case, consumers would
choose to pay a higher price in order to get the product they want, and producers
would be encouraged to sell more of the good as a result of a higher price.
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3. What are the demand curve  shifters? 
- The demand curve shifters are consumer income, prices of related goods, advertising and
consumer taste, population and the consumer expectations.

4.  What are the supply curve shifters? 


- The supply curve shifters are the price of inputs, the level of technology, the number
of firms in the tax, taxes, and producer expectations.

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