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Define under what conditions is market at equilibrium

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Reference no: EM133271489

Questions

1. Define under what conditions is a market at equilibrium?

2. What two conditions can lead to disequilibrium in a free market.

3. In a free market what impact does a shortage have on producers ?

4. In what two ways can the government intervene to control prices ?

5. What is the main argument for agricultural price supports.

Reference no: EM133271489

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