In three to four sentences, explain the effect of competition on the price of goods and services and whether or not this is a good thing for consumers.\

Competition will eventually make the price of goods and services to equilibrium price.
Competition will make the sellers lower the price so they can attract consumers, which will be very beneficial for the consumers

hope this helps

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In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head.