Why it is important that prices are flexible in our economy

Reference no: EM13181029

Why it is important that prices are flexible in our economy?

What happens if the government controlled the level of prices, how would this influence prices?

How can you relate the law of demand to a recent purchase that you have had to make?

Reference no: EM13181029

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Why it is important that prices are flexible in our economy : Why it is important that prices are flexible in our economy? What happens if the government controlled the level of prices, how would this influence prices? How can you relate the law of demand to a recent purchase that you have had to make?

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