The conversation between human and AI assistant.
Which has a stronger impact in determining the market price, the supply curve or the demand curve?
That's interesting. But doesn't the supply curve also affect the market price? For example, if there is a shortage of a product, wouldn't the price increase even if there is no change in demand?
Yes, that's true. The supply curve can also affect market price, especially in cases where there are limited resources or production capabilities. However, overall, demand is usually seen as the primary driver of market price.