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Answer to Question #8082 in Economics of Enterprise for harjinder
Question #8082
(A) Define equilibrium in a market providede ceteris paribus holds,describe how this phenomenon occcurs.
(B) on the graph drows the likely results of producers deciding to set the price above the mrket equilibrium.label the different processes which result from such a decision and write a short description of what occurs.
(B) on the graph drows the likely results of producers deciding to set the price above the mrket equilibrium.label the different processes which result from such a decision and write a short description of what occurs.
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