Equilibrium is reached in a market because both consumers and producers have an incentive to change their buying and selling behavior. True or false
Equilibrium is reached in a market because both consumers and producers have an incentive to change their buying and selling behavior. True or false
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 9CQ
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Equilibrium is reached in a market because both consumers and producers have an incentive to change their buying and selling behavior.
True or false
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