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In the Very Short Run, Demand Shocks Will Tend to Change

question 82

True/False

In the very short run, demand shocks will tend to change the level of output but have little effect on
prices.


Definitions:

Inventory

The total quantity of goods or materials held by a business for the purpose of sale or production.

E-Procurement

The use of online systems and tools to conduct the purchasing process and acquire goods and services for a business, aiming to improve efficiency and reduce costs.

Auctions

Competitive bidding processes where goods or services are sold to the highest bidder.

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