Economics Discussion Board

Running Head : EconomicsNameUniversityCourseTutorDateQuestion 1It can be argued that the government is convoluted only in playing the fundamental aspects within the merchandise in control of the securities industry footings of the products and services (inclusive gun for hire . however , the statutory and economically feasible price of gases is determined by the significance of the hidden hand in the economic functionality that is wrought by the demand and depict forces of the gas . Generally , the relationship between the demand and yield of these products is attributed to playing significant roles aimed at interacting cohesively to lead the equilibrium levels of supply and demand of the gas and the comparative levels of the equilibrium prices . When the supply is higher than the demand , then the gas prices are lower . However , higher demands than supply provide increasing levels of gas prices (Oliver , 2006The government activity is to set the restrictive framework to learn that the suppliers and the consumers of gas products do not cultivate one another .

This is through the use of price ceilings and price floors to monitor the range between the highest and the lowest levels of gas prices that ensure the highest benefits between the suppliers and consumersQuestion 2Supply and demand graph /curve is the economic theatrical performance of the equilibrium intersection that occurs between the demand curve and the supply curve . The general equilibrium is ideally important in explaining the fundamental levels with which the economic foodstuffs clears one another . The demand and supply graph is important in any economic functionality in defining the levels between the equilibrium quantities of supply and demand and the important levels of equilibrium prices that goods and services are purchased at in the market . The shift in the demand and supply curves causes disequilibria in the market quantities and prices that cause deficits in the market clearing (Oliver , 2006ReferenceOliver , B (2006 ) Macroeconomics . forward-looking York , Prentice HallPAGEPAGE 4Economics...If you want to get a full essay, auberge it on our website: Orderessay

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