7. Every economy is shaped by a wide range of factors that affect both supply and demand. Discuss some of these factors by responding to the following prompts: Briefly explain how supply and demand affect the price of a good. Identify and describe three of the most important factors that affect demand in an economy. Provide an example of each. Identify and describe three of the most important factors that affect supply in an economy. Provide an example of each. (10 points)