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The Market Directs an Economy's Resources Towards the Production of Those

Question 32

Multiple Choice

The market directs an economy's resources towards the production of those goods where the _____.


A) maximum price that consumers are willing to pay is low
B) maximum price that consumers are willing to pay is less than the minimum price at which
C) maximum price that consumers are willing to pay is more than the minimum price at which firms are willing to sell
D) minimum price at which firms are willing to sell is high

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