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Define the equilibrium theory and explain its potential effects on disadvantaged Americans. (Site 1)

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faithhleigh
faithhleigh faithhleigh
  • 22-03-2017
Equilibrium theory is attempts to explain the functioning of economic market as a whole, rather than individual phenomena. Prices of goods will naturally move toward equilibrium based on the supply and demand so for those Americans who cant afford much this proves to be a disadvantage. I hope this helps.
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