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Q: What is the interaction of supply and demand in the American marketplace?
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What are two factors that regulate a marketplace according to Adam smith?

Supply and demand are the 2 factors that regulate a marketplace.


In a market economy what are prices are established by?

the interaction of supply and demand.


How are prices established in a free enterprise system?

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A realized movement of people, freight or information between an origin and a destination :)Spacial interaction in supply and demand is a transportation supply and demand relationship that is often expressed over a geographical space.It is also the flow of people, such as commuters, over geographical space.


Is price determined by interaction of total demand and total supply in market under perfect competition?

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Can the Laws of Supply and Demand can be Repealed?

NO! they been trying for almost 6000 years and lost every time and no not even with "money".ADDED: The so-called "LAW" of Supply and demand is a misnomer. It is NOT A LAW. It is a theory based on marketplace principles.


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it's interaction of demand and supply, price which will decide the consumer needs at specific quantity