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Supply and demand is an expression of liberal ideology in that it upholds the principle of individual liberty. This principle holds that each individual is free to pursue their own goals and desires, without interference from others. This includes the freedom to buy and sell goods and services in a free market. The supply and demand curve shows how different prices for a good or service affects the quantity that is supplied or demanded. When the price is high, there is a higher quantity demanded and vice versa. This relationship is determined by the willingness and ability of buyers and sellers to trade at different prices.

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David Denton

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