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    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
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    In Response to a Surplus the Market Price of a Good
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In Response to a Surplus the Market Price of a Good

Question 14

Question 14

True/False

In response to a surplus the market price of a good will fall; as the price falls, the quantity demanded will increase and quantity supplied will decrease until equilibrium is reached.

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