AAlexis8770 AAlexis8770
  • 21-10-2021
  • Business
contestada

in markets, prices move toward equilibrium because of

Respuesta :

swan2414 swan2414
  • 21-10-2021

Answer:

"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."

Explanation:

Answer Link

Otras preguntas

Someone help me solve these two problems having trouble solving them
How are ionic compounds formed?
How does Russia’s access to resources impact their relationship with other countries?
If x is a real number, what is the smallest possible value of x^2+8 ?
Drag each tile to the correct box. Order the steps of protein synthesis. A ribosome binds to mRNA. RNA is modified into mRNA. Chemical bonds are formed and a pr
Joy wants to invest $3000 in a savings account. Determine the interest rate (simple interest) required for Joy 's investment to double in value in 18 years. Rou
From atop a 15 m lighthouse, a man spots a dolphin 50 m out to sea. Find the angle of depression from the man to the dolphin, to nearest degree.
What is/are the main purpose(s) of meiosis? (select all that apply) Control metabolism ✔Halve the number of chromosomes in a cell Generate genetic diversity Cre
Please answer both questions.
What are three intervention strategies that the government can utilize to ensure maximum participation of the youth in civic organisations?​