Once a market equilibrium price has been determined: the price will remain the s

Question

Once a market equilibrium price has been determined: the price will remain the same unless market demand changes or market supply changes due to changing market forces it cannot be changed due to chariged market conditions. Therefore, it is necessary for the government to update prices once a year to reflect new economic realities. it will change randomly, even when there has been no change in market conditions. by the government, it can only be changed by a vote of the capitalist class in congress

Explanation / Answer

Q1 option a

Market equilibrium price will change only if market forces of demand & supply will change

Q2 option c

Bankruptcy is vital to capitalism, it is the most important part of the capitalist and free market system. If whatever it is that we are producing isn’t working out then we want those assets to be moved off into producing something else. The process by which we do this can be called “bankruptcy.”

Q3 option c

Capitalism is solely meant for profit & capitalist is guaranteed for i

Q4 option b

Correct in accordance with definition of market equilibrium price

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