wage] as well as normative economics {your opinion about whether this would be Good or Bad]. E. Under its former President Hugo Chavez, 1|lulenezuela moved from a Capitalist economy to a Socialist economy and has remained so after Chavez's death. For example, government toolc over and now operates a chain of stores that used to be run as a private business. Prices in the govemmentrun stores are lower than prices were in a Capitalist economic system. The government posts signs in these stores lilce the one below: In case you don't read Spanish, the sign says: Product Description Diana |Clil Fair Price 4.?3 Capitalist Price 100 Your Saving 32% The implication, of course. is that prices in a Capitalist economy are not fair. Explain whether or not this is true. He sure to address each of the following in your explanation: 1] how are prices determined in a market economy? 2} what does an \"equilibrium" price mean in a market economy? 3] is an equilibrium price a "fair" price? 4] in a Capitalist economy. what would happen if price were set below the equilibrium price? (that is. if price were set at the \"fair" price rather than the "capitalist" price]