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above equilibrium

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15y ago

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Market clearing price?

The price that exists when a market is clear of shortage and surplus, or is in equilibrium.


If an excess quantity of labor demanded exists in an unrestricted market there is an inclination for?

Price to fall.


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A commodity futures market exists to allow participants to hedge against price fluctuations and manage risk associated with the buying and selling of physical commodities. It provides a platform for producers and consumers to lock in prices for future delivery, which helps stabilize income and costs. Additionally, it facilitates price discovery by enabling speculators to trade based on their expectations of future market conditions. This market structure enhances liquidity and efficiency in the overall commodities market.


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A


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two problems faced were the drought and food stortage


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YES


What does the interaction of produce and consumer establish?

market price


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what is market price for marlin


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Consumers bid up the price.


Adjusted price?

The market price is “adjusted” or checked to market and the historical price information is adjusted. In brief, an adjusted price is the “true price”.