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    Supply & Demand Analysis, Market System and Price Controls

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    How supply and demand analysis can be extended to illuminated many issues such as low incomes in agriculture and the pattern of taxation by government;
    How selfish behaviour in a market system acts like the "invisible hand" of a social planner to allocate society's resources efficiently; and
    How the invisible hand fights back when government try to overrule market forces with price controls.

    © BrainMass Inc. brainmass.com February 24, 2021, 2:09 pm ad1c9bdddf
    https://brainmass.com/economics/elasticity/supply-demand-analysis-market-system-price-controls-4795
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