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Business, 26.01.2021 18:40 jcduarte

One of the implications of the supply and demand model is that: Question 33 options:

a)

a market price below the equilibrium price will lead to a surplus.

b)

government action is not necessary for a market to achieve equilibrium.

c)

a rise in the price of a good always means that demand for it has increased.

d)

supply shifts to the left whenever demand falls.

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Answers: 1

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One of the implications of the supply and demand model is that: Question 33 options:

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