Question: Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that
Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?
Step by Step Solution
There are 3 Steps involved in it
Flexible prices play a crucial role in a market economy because they allow for efficient allocation of resources facilitate adjustments to changes in ... View full answer
Get step-by-step solutions from verified subject matter experts
