I'm struggling with the following sentence in an APA format paper. I don't like the double usage of and here, but 'supply and demand' is one thing in this context. Is this correct or do I need to make a change?
Riggs (2011) argues that tuition prices can be explained by the basic principles of supply and demand and perceived quality.
To clarify: My intent is for the term "basic principles" to apply to both "supply and demand" (as a single principle) and "perceived quality" as the other. As this sentence is paraphrasing Riggs, this must be the meaning conveyed whether or not we agree with his over-simplification of S&D.