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Diano4ka-milaya [45]
3 years ago
12

How is the market price for a product determined?

Business
1 answer:
Setler [38]3 years ago
8 0
The market price of an asset is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the markets price.
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Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken. Also assume that in 1984 each bucke
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