Explain why and how a reasonably competitive market is always moving toward equilibrium.

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01-09-2017
Business

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Explain why and how a reasonably competitive market is always moving toward equilibrium.

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19lmontanezmart 19lmontanezmart · Answer 1 · 2017-09-01T03:31:05+02:00

19lmontanezmart 19lmontanezmart

01-09-2017

shortages below equilibrium will drive up price that decrease quantity demanded and increases quantity supplied moving toward equilibrium. Also because of the two conditions one is informal and the other one is free market entry.

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