Multiple Choice
The market price of apples is currently rising.In a free-market economy,the most likely explanation of this price change is that:
A) The government has decided to set a higher price so that firms competing in the market make an adequate profit.
B) There is a shortage in the market for apples.
C) The supply of money has decreased.
D) The equilibrium price is lower than the market price.
Correct Answer:
Verified
Correct Answer:
Verified
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