The market mechanism is the

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    Process by which firms and consumers bid at auctions.
     Tendency for price and quantity produced in the economy to adjust until the market clears and there are no shortages or surpluses.
     System that governments use to announce price ceilings or price floors that they are imposing.
     Exchange services firms use when they have surpluses of goods and services that they are unable to sell.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Tendency for price and quantity produced in the economy to adjust until the market clears and there are no shortages or surpluses.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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