krl9546 krl9546
  • 01-09-2017
  • Business
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Explain why and how a reasonably competitive market is always moving toward equilibrium.

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19lmontanezmart
19lmontanezmart 19lmontanezmart
  • 01-09-2017
shortages below equilibrium will drive up price that decrease quantity demanded and increases quantity supplied moving toward equilibrium. Also because of the two conditions one is informal and the other one is free market entry. 
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