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    Principles of Microeconomics Study Set 4
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    Exam 3: Demand and Supply
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    If a Market Reflects a Shortage and Prices Are Allowed
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If a Market Reflects a Shortage and Prices Are Allowed

Question 130

Question 130

Multiple Choice

If a market reflects a shortage and prices are allowed to move:


A) supply will increase.
B) demand will decrease.
C) price will decrease.
D) price will increase.

Correct Answer:

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