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What is meant by market equilibrium

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Reference no: EM133098369

Question 1. What is meant by "Market Equilibrium"? Will the market equilibrium price change in response to: a) Surplus and b) Shortage. Discuss

Question 2. Will the market always reach equilibrium? Discuss.

Question 3. Why do governments interfere with the market equilibrium price? And if so, Discuss and offer example.

Reference no: EM133098369

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