Give me a specific example of how supply and demand affect prices in the real world.

Supply and demand rise and fall until an equilibrium price is reached.

Explanation:

For example, suppose a luxury car company sets the price of its new car model at $200,000. While the initial demand may be high, most consumers are not willing to spend $200,000 for an auto.

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step-by-step explanation:

the secretary of state, appointed by the president with the advice and consent of the senate, is the president's chief foreign affairs adviser. the secretary carries out the president's foreign policies through the state department and the foreign service of the united states.