Tag Archives: equilibrium
DUAL Economics Module 3: Supply, Demand & the Price System
Return to Modules Objectives: Demonstrate how prices canĀ guide individual behavior and continually change incentives of buyers and sellers in markets Illustrate Adam Smith’s idea of “the invisible hand” and F.A. Hayek’s idea of “spontaneous order.” Discuss exchange, voluntary cooperation, and … Continue reading
Posted in DUAL, Economics, Week1
Tagged demand, equilibrium, incentives, information, markets, price, price system, supply
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