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If we observe the price of a good in a competitive market rising, then we can conclude that there had been a shortage in the market.
Q20: When a producer cannot get all consumers
Q28: All markets involve the following elements, except<br>A)demand
Q37: The problems of central planning become less
Q93: If an economy is operating on its
Q167: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2595/.jpg" alt=" Refer to the
Q210: All of the following would affect the
Q244: "Economics is concerned with how individuals, institutions,
Q254: Which of the following statements is true
Q298: Scarcity<br>A)persists only because countries have failed to
Q321: A production possibilities curve shows<br>A)that resources are