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alukav5142 [94]
3 years ago
5

The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _

______ price, the price from which there is no tendency to change in demand or supply
Business
1 answer:
Sholpan [36]3 years ago
8 0

Answer:

intersection

equilibrium

Explanation:

In the case when the market clearing price arise at the time when the demand curve of the market and the demand curve of the supply intersected with each other. This is we called as the equilibrium price where there is no tendency to varies the demand or supply

Hence, the same is to be relevant

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a. nations will be unable to specialize in what they are good at and therefore end up consuming less

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There is no country that can produce all goods and services efficiently (at the least cost ). It is for this reason that trade between countries becomes necessary. Trade between countries gives countries the opportunity to concentrate on the production of goods in which it is efficient in production and purchase goods for which it produces at higher costs.

If trade between nations is prohibited, countries would have to produce goods that they are both efficient and ijefficient in their production, resources would be wasted, specialisation in the production of goods would not occur and consumption would fall.

I hope my answer helps you

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<h3>What is government regulation?</h3>

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