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No, it would bring supply and demand into equilibrium, and ensure that resources are utilized where they have the most economic value. Econ 101 tells us that i
by muzz 14y ago
No, it would bring supply and demand into equilibrium, and ensure that resources are utilized where they have the most economic value. Econ 101 tells us that in free markets, price is variable that moves to equate supply and demand, resulting in neither shortage nor surplus.