If a market is in disequilibrium: it will continue unless there is government intervention. no individual will be better off doing something different. there are opportunities for people to make themselves better off. it must be because the government has intervened in the market, resulting in the market's failure to reach equilibrium.

Q: In the health care market, Multiple Choice demand has increased relative to supply. O supply has…

A: Market dynamics in health care are influenced by various factors including demographic changes,…

Q: Supply and demand is a very important way to judge how prices are determined in our economy. You…

A: As law of demand refers to the inverse relationship between price and quantity demanded keeping…

Q: Explain how the covid -19 virus pandemic has affected  the united states economy.

A: Covid-19 stands for Coronavirus Disease which started in 2019. This diseases has affected most of…

Q: In a market economy, what mechanism determines the price and quantity of goods sold? A) Government…

A: The issue is to distinguish the system in a market economy that normally lays out the costs and…

Q: he study of economics was known by what name from its earliest inception?     political science…

A: Economics refers to the branch of knowledge related with the production, consumption, and transfer…

Q: Market fundamentalism refers to: A belief in unregulated free market policies as a solution in…

A: A market fundamentalism is also known as free market fundamentalism. We are going to discuss few…

Q: With a certain medical insurance policy, the customer must first pay an annual $350 deductible, and…

A: Given that  First, pay on annual deductible = $350 Percentage of the cost of x - rays = 70% First…

Q: Answer the statement below. Why most people wanted to move to another house during pandemic, but…

A: Money refers to the currency used for the purchase of goods and services. Money is a legal currency…

Q: the answer was wrong

A: Probability hypothesis is the underpinning of factual science, giving a numerical method for…

Q: Which creates the most difficult combination of economic problems for a monetary policymaker to…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A particular equilibrium price-quantity is more theoretical than real in most markets.  Does that…

A: Equilibrium: It means the state in which economic forces are balanced