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Econ Semester Exam Review Flashcards | StudBud
Econ Semester Exam Review
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What is one way prices allocate resources between markets?
A
Higher prices draw more consumers, and lowerprices draw more producers.
B
Producers keep producing the same amount of agood.
C
Higher/lower prices shift materials & workers to where rewards are higher
D
Markets always stay the same regardless ofprice.
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