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One real-life scenario where supply and demand impact pricing is the housing market. When there is high demand for houses but a limited supply available, prices tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic relationship between supply and demand plays a significant role in determining the pricing of homes in the real estate market.

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One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but a limited supply of available homes, the prices of houses tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of houses in the market.


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One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but limited supply, the prices of homes tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of homes in the real estate market.


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