Market forces refer to the factors such as supply and demand that influence prices and quantities in a market economy. These forces determine the equilibrium price at which buyers' demands match sellers' supplies.
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Supply and Demand: The relationship between the quantity of a good or service that producers are willing to sell and the quantity that consumers are willing to buy at different prices.
Equilibrium Price: The price at which the quantity demanded equals the quantity supplied in a market.
Elasticity: A measure of how responsive demand or supply is to changes in price.