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    Principles of Microeconomics
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    Exam 10: Input Demand: the Labor and Land Markets
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    ʺDemand Determinedʺ Means That Price Is Set by Buyers' Demand
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ʺDemand Determinedʺ Means That Price Is Set by Buyers' Demand

Question 53

Question 53

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ʺDemand determinedʺ means that price is set by buyers' demand and a fixed supply.

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