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Analyze why it is important that prices are flexible in our economy. Explain why a shortage might be present at a store and how would a manager be able to solve for this problem.

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Casey Durgan
Casey DurganLv2
19 Aug 2019
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Related questions

Analyze why prices must be flexible in our economy. Explain why a shortage might be present at a store and how would a manager be able to solve this problem.

Explain in detail why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

1- Why do you think macroeconomists focus on just a few key statistics when trying to understand the health trajectory of an economy? Would it be better to try to examine all possible data? Explain.

2- Why, in general, do shocks force people to make changes? Give a least two examples from your own experiences

3- Do prices tend to become more or less flexible as time passes? If there is a trend, how does it affect macroeconomics?

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