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How free is the market really? (White Giant)

Simcountry: Simcountry Bulletin Board  How free is the market really? (White Giant)

John R

Saturday, November 15, 2008 - 10:45 pm Click here to edit this post


rigid reaction by the consumers

I should say players likewise.

Someone after one class of introduction to economics could solve this.

Here, let me put this in a simple manner:
There are one hundred people in a city. They all consume one apple a day. If the land around the city can only produce eigthy-five apples a day, what happens?

I know of three answers... Two of which cannot apply here. One that won't happen.

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