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In a free-market system, a disequilibrium in one market

kwmusick

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In a free-market system, a disequilibrium in one market

In a free-market system, a disequilibrium in one market

▸ suggests that no seller or buyer has an incentive to alter his or her behaviour.

▸ provides evidence that the market system does not work.

▸ produces forces that eventually bring that market back to equilibrium.

▸ shows that government intervention is always necessary to restore the market to equilibrium.

▸ means that the economy will fall into chaos.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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clubber25

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More solutions for this book are available here

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kwmusick Author

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Smart ... Thanks!

Shassta22

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Helped a lot

nsak

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You make an excellent tutor!

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