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    Business
  3. Study Set
    Microeconomics 2
  4. Exam
    Exam 3: Factor and Product Markets, Equilibrium, and Production Factors
  5. Question
    Factor Prices Are Determined in the Factor Market Under the Forces
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Factor Prices Are Determined in the Factor Market Under the Forces

Question 6

Question 6

Multiple Choice

Factor prices are determined in the factor market under the forces of


A) Marginal productivity
B) Elasticity of demand
C) Elasticity of supply
D) Demand and supply

Correct Answer:

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