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the process by which markets move to equilibrium is so predictable that economists sometimes refer to markets as being governed by the law of supply and demand.

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9y ago

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Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?

Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?


Describe the forces that move a market toward its equilibrium?

The actions of the buyers and sellers move a market towards its equilibrium.


Why do prices move towards equilibrium in a free market?

Because if a business is profitable, competitors will spring up, thus clustering prices towards the equilibrium. Conversely, if it is not profitable, then prices will move toward the point at which it is, or the business will exit the market.


What makes the air flow from hot regions to cold regions?

Hot air has more potential than cool air. All energy systems naturally move toward a state of equilibrium, therefore, the heated air molecules will move toward the cooler air and disperse their energy until equilibrium is reached. High energy states progress toward lower energy states - hot moves toward cold.


What is meant when a system has reach equilibrium?

when the substance can cross the cell membrane, its particles will tend to move toward the area where it is less concetrated


What is another term for the diffusion of water?

I think the word you're looking for is osmosis. Water with different ionic or molecular concentrations will move toward equilibrium.


Why does the time it takes to reach equilibrium vary from market to market?

It takes time to reach the equilibrium because they don't know what is the "right price" to sell the product. whether prices change quickly or slowly however once they move toward equilibrium shortages and surpluses start to disappear.


What is the equilibrium theory and what are its potential effects on disadvantaged Americans?

The Equilibrium Theory is an explanation of the behavior of supply, demand, and prices in a whole economy. The theory has negative effects on disadvantaged Americans. As the price of products naturally move toward the equilibrium based on the supply and demand, low-income families cannot afford the products.


The tendency of molecules to move toward areas of lower concentration is called .?

I believe you are talking about diffusion - when particles move from an area of high concentation to an area of lower concentration.


What are the examples of static equilibrium of concurrent forces?

In any situation in which an object doesn't move, it is in equilibrium.


How are the terms stress and shift used when discussing systems at equilibrium?

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What is it called when your kidneys begin to move toward?

toward what?