Apredominant, and often conservative, view of the world economic system today holds that the free market is the ideal mechanism for ensuring that economic growth is optimal. this same view eschews the role of government. this view is referred to as

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phones. now, more cell phones are demanded at each price level. as a result of the increase in demand, the equilibrium price and the equilibrium quantity increases, decreases