What is the meaning of market forces of supply and demand?
Dear student,
The market forces of demand and supply means the influence of the buyers and sellers on the price and quantity of goods and services. The market forces of demand and supply decides the price and availability of goods and services in a market. The point where market forces of demand and supply are in equilibrium decides the equilibrium level of output and price.
Regards
The market forces of demand and supply means the influence of the buyers and sellers on the price and quantity of goods and services. The market forces of demand and supply decides the price and availability of goods and services in a market. The point where market forces of demand and supply are in equilibrium decides the equilibrium level of output and price.
Regards