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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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W2D1

Q Why do you think it is important that prices are flexible in our economy? Do you think they reflect the true price of what buyers and sellers are asking in the market?

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It is important in our economy for the prices to remain flexible so that the law of demand and supply can be maintained. If this can be maintained well then the people in the economy also gets benefitted to some extent.