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Author Question: In a free-market system, a disequilibrium in one market (Read 53 times)

kms5229

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on: Oct 12, 2022

Question 1

In a free-market economy that is continually adjusting toward equilibrium, a primary force driving this adjustment is
◦ the pursuit of allocative efficiency.
◦ diminishing returns.
◦ opportunity costs.
◦ the pursuit of profits.
◦ the scarcity of resources.

Question 2

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.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kms5229 on Oct 12, 2022

DevinBrifm

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kms5229

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
Excellent

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