Problem
1. Suppose a market is in equilibrium and both the demand and the supply curves increase. What happens to the equilibrium price if demand increases more than supply?
2. Consider this statement: "Government involvement in markets is inherently inefficient." Do you agree or disagree? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.