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CHAPTER 6: PRICES AND DECISION MAKING Flashcards | StudBud
CHAPTER 6: PRICES AND DECISION MAKING
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If there is a shortage of product X, we can predict that:
A
fewer resources will be allocated to the prod. of this good.
B
S curve will shift R; D curve L; eliminates the shortage.
C
the price of the product will rise.
D
the price of the product will decline.
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