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  3. an economic institution that facilitates interaction between buyers and sellers...

Question: an economic institution that facilitates interaction between buyers and sellers...

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An economic institution that facilitates interaction between buyers and sellers is called an interactive mechanism ▼ Amarket exists whenT costof production is cquiatedtoprice by apovernment or central planner the cost of production is equated to price by a government or central planner an absolute advantage is achieved by one country people exchange money for goods and services A market will neveAn economic institution that facilitates interaction between buyers and sellers is called an interactive mechanism . . A market exists when the cost of production is equated to price by a government or central planner . A market willnever move toward equilibrium because prices always increase not convey any useful information to buyers and sellers always tends toward equilibrium

Use the table to answer questions about the demand for and supply of Blu-ray movies Price per movie Quantity of movies demanded Quantity of movies supplied $15 $12 $10 $7 $5 40 50 60 70 80 80 70 60 50 40 What is the equilibrium price per movie? At a price of $12 per movie, O a surplus of 20 movies occurs O a surplus of 70 movies occurs equilibrium in the market for movies is reached O a shortage of 20 movies occurs O a shortage of 50 movies occurs

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