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For Each Good Produced in a Free Market Economy, Demandand

Question 34

Multiple Choice

For each good produced in a free market economy, demandand supply determine:


A) the price of the good, but not the quantity.
B) the quantity of the good, but not the price.
C) both the price and the quantity of the good.(True Answer ) Correct
D) neither price nor quantity, sellers determine the price.

Correct Answer:

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