Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?  

**************** ****** EconomyName of ******************* of Affiliation:         Price ***************** ******* *** realized **** the ****** are ******** This leads ** *** ************* ** *** supply *** demand ** ***** ********* ** *** **** **** ** ******** ** *** ****** without *** *********** ********** ****** ********* *** **** of ***** *** ******** ***** with * ****** ****** **** ** ******* higher ****** ** those **** *** demand Fixed prices **** to ****** ************ on *** ***** *** ** *** **** **** the producers ****** ******** ** produce ***** that are not ****** effectively ***** *********** ***** ** a **** run ********* production *** ** **** **** ** **** ********** More ***** *** ********** ** ***** and ******** is ********* ** *** buyer/ ****** ******* Prices *** ******** as sellers **** ** gain ******* from ***** ******* Price *********** ***** to ************ ** ********* This is achieved ** *** ****** *** ****** ***** ***** ** ** *********** ***** ****** ****** **** ** determine prices The ******* ** production ***** results ** reduced prices *********** ** al 2018) ********* ****** *** ********* in the **************** control of ********* ************* ** ** need *** the ********** ** ***** *********** the prices ** essential products **** *** ****** a ***** economic ********* ** *** ****** Ideally **** ********* lead ** ** ********* ** the supply *** ****** ********** of the ***** ** ******** **** affect small *** ************* who will ****** have ********* **** the ****** are **** ** **** ********* **** *** prices *** *** ** *** ********** *** companies Dictating prices ** *** ********** ** ********* ******** is *** conducive ** it **** *********** *** market **** ***** affect *** ***** income ********* *** *** ********* ** *** *** domestic *** ******* ***** Thus a **** ****** ******* ** ********* ** ** ****** for consumer ********* ** the ************************** F *** * ******** * ***** ***** * ****** ******** ****** *** *************** ** ********* Economics129(1) 46-68Deming * * ********* new ********* *** industry ********** ********* *** *****

Click here to download attached files: Flexible pricing.docx