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For each good produced in a market economy, the interaction of demand and supply determines:
a. the price of the good, but not the quantity.
b. the quantity of the good, but not the price.
c. both price and quantity.
d. neither price nor quantity is determined by demand and supply because prices are ultimately set by producers.
For each good produced in a market economy, the interaction of demand and supply determines:
a. the price of the good, but not the quantity.
b. the quantity of the good, but not the price.
c. both price and quantity.
d. neither price nor quantity is determined by demand and supply because prices are ultimately set by producers.
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Sonia DhawanLv10
29 Sep 2020
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