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If Buyers Become Reluctant to Purchase High-Quality Goods Because They

Question 22

Multiple Choice

If buyers become reluctant to purchase high-quality goods because they can't be confident of purchasing a high-quality product, then


A) a large number of buyers will communicate the need for lower prices.
B) a large number of sellers will communicate their intention to raise prices.
C) a large number of buyers and sellers will be willing to barter to agree on price.
D) the equilibrium price and quantity will be adversely affected by a thin market.

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