top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

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

+1 vote
264 views
What mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium?
posted Jul 12, 2017 by Mukul Chag

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

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, 2017 by Ramesh Gowda
...