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If the market price suddenly deviates away from the equilibrium level due to some reason, the sellers either increase or decrease their output levels accordingly
If the market price suddenly deviates away from the equilibrium level due to some reason, the sellers either increase or decrease their output levels accordingly and the market again moves toward equilibrium. This phenomenon is explained by: the law of diminishing marginal utility. the theory of supply. the theory of demand. the invisible hand mechanism
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