Explain Two Reasons That Markets May Not Be in Equilibrium

question 57

Essay

Explain two reasons that markets may not be in equilibrium.

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Definitions:

Genetic Component

Refers to traits or conditions that are influenced by genes inherited from one's parents.

Androgen

A group of hormones that play a role in male traits and reproductive activity, present in both males and females.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together.

Status and Resources

Refers to the standing or rank of individuals or groups in a society and the material or non-material assets they possess.