Market equilibrium does NOT when: there is no incentive for prices to quantity demanded equals supplied the market clears there is an incentive for prices to change
Market equilibrium does NOT when: there is no incentive for prices to quantity demanded equals supplied the market clears there is an incentive for prices to change
Chapter4: Markets In Action
Section: Chapter Questions
Problem 2SQ
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Transcribed Image Text:Market equilibrium does NOT when: there is no
incentive for prices to quantity demanded equals
supplied the market clears there is an incentive for
prices to change
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