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    Principles of Macroeconomics Study Set 11
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    Exam 2: The Economic Problem: Scarcity and Choice
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    According to the Idea of Consumer Sovereignty, What Will Happen
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According to the Idea of Consumer Sovereignty, What Will Happen

Question 1

Question 1

Essay

According to the idea of consumer sovereignty, what will happen in the market for widgets if consumers decide they no longer desire widgets?

Correct Answer:

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