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The Basic Tools of Supply and Demand Apply To

Question 17

Multiple Choice

The basic tools of supply and demand apply to:


A) both markets for goods and services and markets for labor services.
B) markets for goods and services but not to markets for labor services.
C) markets for goods and services but not to markets for factors of production.
D) all markets except those in which demand is derived demand.
E) only markets where demand is derived.

Correct Answer:

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