For each good produced in a market economy,the interaction of demand and supply determines

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In a market economy, the interaction of demand and supply determines both the price of the good and the quantity of the good produced. Demand represents the consumers' willingness and ability to purchase a product, while supply represents the producers' willingness and ability to produce and sell the product. When demand is high and supply is low, the price of the good will increase, and the quantity produced will increase as well. Conversely, when demand is low and supply is high, the price will decrease, and so will the quantity produced. Therefore, the interaction of demand and supply is a critical factor in determining both the price and quantity of goods produced in a market economy.

For Each Good Produced in a Market Economy,the Interaction of Demand