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    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
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    What Will Occur When the Price of a Good or Service
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What Will Occur When the Price of a Good or Service

Question 216

Question 216

Multiple Choice

What will occur when the price of a good or service falls


A) Buyers who were already buying the good or service are worse off.
B) Some new buyers, who are now willing to buy, enter the market.
C) The total value of what is purchased decreases.
D) The total value of what is purchased increases.

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