Insights toward Market Equilibrium
{"Image DocumentName": "Insights toward Market Equilibrium", "Image ImageDescription": "Free markets allocate the supply of goods to the buyers who value them most highly, as measured by their willingness to pay. Free markets allocate the demand for goods to the sellers who can produce them at the least cost. Free markets produce the quantity of goods that maximizes the sum of consumer and producer surplus. At quantities less than equilibrium the value to buyers exceeds the cost to sellers. At quantities greater than equilibrium the cost tot sellers exceeds the value to buyers. Market equilibrium maximizes the sum of producer and consumer surplus.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}