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What is meant by Market Equilibrium? Will the market equilibriumpricechange in response to: a) Surplus and b) Shortage. Discuss b. Will the market always reach

What is meant by "Market Equilibrium"? Will the market equilibriumpricechange in response to: a) Surplus and b) Shortage. Discuss

b. Will the market always reach equilibrium? Discuss.

c. Why do governments interfere with the market equilibrium price? And if so, Discuss and offer example

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