Explain how a market economy compensates for a market surplus

Anonymous
timer Asked: Mar 18th, 2014

Question Description

Week 1 Question 2.docx

This is due Wednesday!!! I don't see the word requirement yet. I'm thinking between 200-300 words. Explain how a market economy compensates for a market surplus. What about a market shortage? Why is price driven toward equilibrium? How does the relate to laissez-faire. What are some factors that may cause the market system to not function effectively?

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