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What is meant by market equilibrium

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Reference no: EM133066859

What is meant by "Market Equilibrium"? Will the market equilibrium price change in response to:

a) Surplus and

b) Shortage. Discuss

b. Will the market always reach equilibrium? Discuss.

c. Why do governments interfere with the market equilibrium price? And if so, Discuss and offer example

Reference no: EM133066859

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