How do price changes drive markets toward equilibrium?
@wrinkle @Ricky2 @Opcode @phi @kewlgeek555 @DollyAcquah @agent0smith @Compassionate @boricua5 @nincompoop
Please help me

Question

How do price changes drive markets toward equilibrium?
@wrinkle @Ricky2 @Opcode @phi @kewlgeek555 @DollyAcquah @agent0smith @Compassionate @boricua5 @nincompoop 
Please help me

opcode · Answer

Do you have any ideas?

I would say that how price changes drive markets toward equilibrium is that they may increase or decrease supply or demand. For example sales can increase the demand for a good.

anonymous · Answer

I'm not sure I was thinking they prevent inflation or deflation but now i'm thinking the answer would be they increase or decrease supply or demand which is one of my choices. To me that would make more sense politically speaking

opcode · Answer

Inflation and deflation are not directly affected by price changes more so of currency value. (i.e. how much one US dollar is compared to one Euro/Pound.)

So the option of, "they increase or decrease supply or demand" is probably the best.

anonymous · Answer

Yes thank you again ! You were a big help : )

opcode · Answer

No problem, glad to be of service. :-)