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Say you go to Mexico to buy a hammock. After visiting a few different shops you find that the buyers and sellers always agree on
Say you go to Mexico to buy a hammock.
After visiting a few different shops you find that the buyers and sellers always agree on $15.
This is the market price (where demand and supply meet)
- Is it likely that any shop can sell hammocks for $20?
- Is it likely that any shop will sell hammocks for $10?
- What happens if a shop prices hammocks too high?
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