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14 August, 08:02

What do markets and consumers have to do with demand?

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  1. 14 August, 08:23
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    One function of markets is to find "equilibrium" prices that balance the supplies of and demands for goods and services. An equilibrium price (also known as a "market-clearing" price) is one at which each producer can sell all he wants to produce and each consumer can buy all he demands.
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