Explain why the following statement is false: in the goods market

Goods market is a market where two parties, buyers and sellers interact with each other and exchange goods and services. There are different types of goods market. Goods market can

Explain why the following statement is false: in the goods market

Goods market is a market where two parties, buyers and sellers interact with each other and exchange goods and services. There are different types of goods market. Goods market can differ by factors like capital and labor or goods and services sold, taxes, subsidies, price ceilings, price floorings, government regulations, number of buyers and sellers. Generally, in goods market equilibrium price and quantity is determined by the intersection of demand and supply.

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