Explain why and how a reasonably competitive market is always moving toward equilibrium.

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asked Apr 17, 2018 59.4k views

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Dmitry Leiko · Answer 1 · 2018-04-21T20:06:24+0000

shortages below equilibrium will drive up price that decrease quantity demanded and increases quantity supplied moving toward equilibrium. Also because of the two conditions one is informal and the other one is free market entry.

Explain why and how a reasonably competitive market is always moving toward equilibrium.

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