How do supply and demand influence market price? a) supply determines market price because the seller sets the price. b) the price is determined by the highest price consumers are willing to pay. c) the price is determined by the lowest price producers are willing to accept. d) the market clearing price is where quantity demanded is equal to quantity supplied.

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.