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    Principles of Microeconomics
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    Exam 4: Demand and Supply Applications
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    When Supply Is Fixed or the Product Is Unique, Then
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When Supply Is Fixed or the Product Is Unique, Then

Question 63

Question 63

Multiple Choice

When supply is fixed or the product is unique, then price is


A) supply determined.
B) demand determined.
C) government determined.
D) indeterminate.

Correct Answer:

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