What is the economic interpretation of the given situation, Macroeconomics

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What is the economic interpretation of the given situation

Problem

Assume that the equilibrium price of one of the N goods is zero. What is the economic interpretation of this situation? Which of our assumptions ruled out that a price equals zero? Why? Does Walras' Law continue to hold? What about the First Welfare Theorem?

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.

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Macroeconomics: What is the economic interpretation of the given situation

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