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In the Supply-Demand Models to Analyze the Wheat Market,we Assume

Question 12

Multiple Choice

In the supply-demand models to analyze the wheat market,we assume that wheat sold by different sellers is largely the same.We make this assumption


A) to test the model.
B) to easily predict the market price.
C) to simplify the model while keeping important details.
D) to avoid the complexities in the real world.

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