dontknow158 dontknow158
  • 16-09-2019
  • Business
contestada

what is the relationship between equilibrium price and efficiency

Respuesta :

vijon1720 vijon1720
  • 16-09-2019

Answer:

Explanation:

When a market is in equilibrium, then that means that the economy is functioning efficiently. This happens because producers in many markets do not waste their resources. They can, instead, use these resources to produce based on the supply and demand laws which means that the economy is efficient.

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