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Question
World History
Posted 3 months ago
In a market without price controls, producers charge _____ for their goods and services. This price allows producers to supply the same amount of products as consumers demand. prices above the equilibrium price equilibrium prices prices below the equilibrium price
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Answer from Sia
Posted 3 months ago
Answer
equilibrium prices
Key Concept
Market Equilibrium
Explanation
In a market without price controls, producers tend to charge equilibrium prices for their goods and services. Equilibrium price is the price at which the quantity of goods supplied is equal to the quantity of goods demanded. This balance ensures that the market is cleared, and there is neither a surplus nor

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