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Which of the Following Statements Is NOT True

question 123

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Which of the following statements is NOT true?


Definitions:

Laws of Supply and Demand

Economic principles stating that the price of a good is directly related to its availability (supply) and the desire for it (demand), with high demand and low supply leading to high prices, and vice versa.

Price

The sum of money needed to buy a product, service, or asset.

Buyer

A person or organization that buys products or services for private use or consumption.

Pope Paul VI

A former leader of the Catholic Church, known for his efforts in addressing societal changes and promoting peace.

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