Answer to Question #126642 in Economics for Rochelle

Question #126642
if consumers were the only ones buying goods in the economy, would the economy be at equilibrium ? Why or why not ?
1
Expert's answer
2020-07-17T10:31:20-0400

If the buyer in the economy was the only one, then the economy would not be in equilibrium, since with a high degree of probability the demand for the product would be zero.

Given non-zero demand, which is possible in extremely rare cases, such a market would be in equilibrium.


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