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Econ/Personal Finance Flashcards | StudBud
Econ/Personal Finance
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The law of supply states...
A
Price = low/supply = high
;
Price = high / supply = low
B
Price = high / supply = high
;
Price = low / supply = low
C
Supply and Price are at equilibrium
D
Price = low / supply = low ; Price = high / supply=unchanged
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