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Different stages of adjustment are necessary for an In this lesson, we investigate how Topics Discussed: 0:00 Introduction to Concept of Market Equilibrium 0:50 Market Clearing Price or Market Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: ... In a competitive market the interaction of the forces of demand and Supply determines the Professor David Hillier, University of Strathclyde; Short
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