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21 May 2019

Topic: Economic Economy Equalibrium

Instructions: In 600 words, answer the related questions with credible supported explainations. Provide your references for a thumbs up rating.

Fact: The economy is at equilibrium when quantity demanded is equal to quantity supplied.

- Why does market move away from its equilibrium? Explain.

- Does disequilibrium occurs due to the absence of government intervention? Explain.

- Does government intervention keep the economy away from its equilibrium? Why? Explain.

- Explain the meaning of “Market Failure”? Explain.

- Does government intervention correct the market failure? Explain.

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Patrina Schowalter
Patrina SchowalterLv2
21 May 2019

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