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laboratory experiments by Vernon smith support: suspicions that a market equilibrium does not exist in the real world, a market equilibrium where the quantity supplied

laboratory experiments by Vernon smith support: suspicions that a market equilibrium does not exist in the real world, a market equilibrium where the quantity supplied always exceeds the quantity demanded, a market equilibrium where the quantity demanded always exceeds the quantity supplied, the supply and demand model's usefulness in predicting changes in a free market

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