Question
1.Explain why the following statement is false: In the goods market, no buyer would be willing to pay more than the equilibrium price. Moreover, explain
1.Explain why the following statement is false: "In the goods market, no buyer would be willing to pay more than the equilibrium price." Moreover, explain why the following statement is false: "In the goods market, no seller would be willing to sell for less than the equilibrium price."
2.How were equilibrium prices be affected by the recent invasion of what President Trump refers to as the "Chinese Flu." Describe and support your polemic via several current examples.
3.How may the U.S. Government regulate and/or alter equilibrium prices? Describe and support your polemic via several current examples.
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