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.  

explanation:

pay attention. give the speaker your undivided attention, and acknowledge the message.

show that you're listening. use your own body language and gestures to show that you are engaged.

provide feedback.

defer judgment.

respond appropriately.

where is the passage