Understanding the Canadian Business System - Show how demand and supply affect resource distribution in Canada

3 important questions on Understanding the Canadian Business System - Show how demand and supply affect resource distribution in Canada

In a market economy, decisions about what to buy and what to sella re determined primarily by the forces of?

demand and supply

Assessment of the relationship among different levels of demand and supply at different price levels?

demand and supply schedule

When supply and demand are plotted in the same graph, the point at which they intersect is the?

market price or equilibrium price.

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