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    Microeconomics Study Set 29
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    Exam 5: Markets in Action
  5. Question
    In Free and Competitive Markets, Shortages Are Eliminated by
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In Free and Competitive Markets, Shortages Are Eliminated by

Question 18

Question 18

Multiple Choice

In free and competitive markets, shortages are eliminated by


A) black markets.
B) rationing.
C) price decreases.
D) government price controls.
E) price increases.

Correct Answer:

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