as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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generate a real world example to explain the concept of supply and demand.
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an example of supply and demand could be seen in the rental market. demand for rental apartments is high, while the supply of available rentals is low. this leads to higher rental prices, as apartment owners can charge more for their units due to the high demand and low availability.
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