Who fixes the price in the market - buyers, sellers, government or nobody? Explain with details.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Dec 30, 2023 11:46 AM

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Who fixes the price in the market - buyers, sellers, government or nobody? Explain with details.

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In a market economy prices are typically determined by the forces of supply and demand with buyers and sellers playing key roles in the pricesetting p... View the full answer

Principles of economics

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