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When Supply Is Fixed, Price Is Supply Determined

question 133

True/False

When supply is fixed, price is supply determined.


Definitions:

Kilograms

A unit of mass in the International System of Units (SI), equal to 1000 grams.

Tim Hortons

A chain of coffee and fast-food restaurants primarily found in Canada, known for its coffee and donuts.

Drive-Thru

A type of service provided by businesses that allows customers to purchase goods without leaving their cars.

Kilometres

A measurement of distance in the metric system that equals 1,000 meters, frequently used to gauge the space between different geographic points.

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