Theoretically, price is determined by the forces of market demand and supply. However, is it really applicable today, given that information is imperfect in the market? Answer this using an example 

 Explain whether price is determined by the forces of market demand and supply considering imperfect information. Substantiate on this by giving examples

Answer rating: 100% (QA)

Pricing in Imperfect Markets Beyond Theory and Reality While economic theory suggests that prices are determined by the intersection of supply and dem... View the full answer