Explain how market forces (the invisible hand) guide consumers and producers toward the equilibrium. This requires a complete explanation of why the intersection of supply and demand is the equilibrium.
1- Free Market & Market Failures a- Explain how market forces (the invisible hand) guide consumers and producers toward the equilibrium. This requires a complete explanation of why the intersection of supply and demand is the equilibrium. Use supply and demand diagrams for a graphical presentation of your arguments. The graphs and your explanation should […]