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    Exam 11: Pricing Decisions: Objectives, Strategies and Tactics
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    The Basic Law of Supply and Demand Contends That an Abundant
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The Basic Law of Supply and Demand Contends That an Abundant

Question 122

Question 122

True/False

The basic law of supply and demand contends that an abundant supply and a low demand lead to a high price, while high demand and limited supply lead to a low price.

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