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From course:

Microeconomic MCQ 1

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Question:

1. In order to understand how the price of a good is determined in the free market, one must account for A) the desires of demanders exclusively. B) the desires of suppliers exclusively. C) the desires of governmental agencies exclusively D) the desires of lobbyists exclusively. E) the desires of demanders and suppliers.

Author: Gonza R



Answer:

E) the desires of demanders and suppliers.


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Gonza R
Gonza R