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Natasha2012 [34]
3 years ago
12

When buyers use ___________________ to draw inferences about the quality of products, then markets may have trouble reaching ___

______________ and quantity.
Business
1 answer:
bagirrra123 [75]3 years ago
7 0

Answer:

Market price; Equilibrium price

Explanation:

The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.

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"during its first year of business, xyz inc. purchased $1,600 of supplies. by the end of the year, only $500 of supplies remain
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