In an answer of at least two well-developed paragraphs, explain how supply and demand work together to reach the equilibrium price in the marketplace.

Market equilibrium happens when supply and demand intersect at one point.

If the price is too high, we will have a surplus. ( that is more objects than needed) If the price is too low we will have a shortage.  ( that is, not many objects to sell)

In either of this situations, the marketplace will work to either raise or lower the price of the object until we get to equilibrium, and the number of those willing and able to buy will be equal to those willing and able to sell.  

the aksumite empire was an ancient kingdom located in what is now northern ethiopia from the period of 100 ad to 940 ad. its capital was the city of aksum. the kingdom established itself as one of the 4 great powers at its time, along with persia, rome, and china.

the kingdom was rich in goods like gold, iron, and salt. it established strong commercial ties with the regions governed by rome, egypt, and persia (arabia). aksum was a key location in this commercial network. trade was also facilitated with the introduction of the aksumite currency.

in an absolute  monarchy, the  monarchrules as an autocrat, with absolutepower  over the state and government — for example, the right to rule by decree, promulgate laws, and impose punishments. the  monarch isnominally sovereign but the electorate, through their legislature, exercise political sovereignty.