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What mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium?

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posted Jul 12 by Mukul Chag

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1 Answer

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The central planning agency will calculate the demand, supply and price to optimize equality. In a loose industry, there's a loose hand to permit cost mechanism to function with the help of using permitting the forces of call for and grant to work together. whilst call for meets grant, the quantity demanded = the quantity offered and an equilibrium cost is subsequently set. as rapidly as returned, it rather relies on the placement that there is not any intervention of any form indoors the industry.

answer Jul 13 by Ramesh Gowda
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