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    Macroeconomics Study Set 17
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    In Response to a Shortage,the Market Price of a Good
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In Response to a Shortage,the Market Price of a Good

Question 181

Question 181

True/False

In response to a shortage,the market price of a good will rise.As the price rises,the demand will decrease and supply will increase until equilibrium is reached.

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