Questions to ECO 365 Week 4 Knowledge Check are as follow: 1. What do economists mean when they say there is “market failure”? Business has introduced a product that consumers did not want. Free markets have led to excessive profits. Markets have surpluses or shortages so that government rationing is necessary. Free markets yield results that economists
.http://www.studentwhiz.com/Eco 365 week 4 .It is evident that each shift would affect the equilibrium price, quantity, and decision-making process of the company as well as the country’s Economy at large.