The economic model of supply and demand is one that can be tested using data.

Name: The economic model of supply and demand is one that can be tested using data.
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The economic model of supply and demand is based on empirical observations and can be tested using data. By analyzing the behavior of buyers and sellers in a market, economists can determine the equilibrium price and quantity of a product. This model has been tested and validated through numerous empirical studies in various markets.

The Economic Model of Supply and Demand Is One That