Consumer sovereignty means consumers, rather than producers, decide which goods will survive.
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Q25: Individuals or groups such as families who
Q26: The law of supply states that as
Q27: Things wished for or desired are called
Q28: A market economy is also referred to
Q29: Things that are deemed necessary are called
Q31: When supply and demand is equal, the_
Q32: The people born between 1977 and 1994
Q33: In a command economy, most decisions about
Q34: Define opportunity cost and give an example.
Q35: Inflation is a steady decrease in price.
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