Even though prices may change frequently, they can be expected to gravitate toward equilibrium.

Name: Even though prices may change frequently, they can be expected to gravitate toward equilibrium.
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Question

Quizplus · Accepted Answer

This statement is true according to the law of supply and demand, which states that as supply increases, prices tend to fall, and as demand increases, prices tend to rise. When supply and demand are in equilibrium, prices stabilize.

Even Though Prices May Change Frequently, They Can Be Expected