Description
Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?
Explanation & Answer
Hi, Hamptojt! I have attached the final output of our work. Let me know if you need help or revisions.
It is extremely important that prices be flexible because both consumers and
suppliers need to meet at the equilibrium. Do you know what the normal scenario in the
market is? Buyers always want the lowest possible price while ...
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