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Exhibit 3-17 Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon ______________. This would push the price __________ the equilibrium price.
Ideology
A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.
Gender
A social construct relating to behaviors, roles, expectations, and activities that societies consider appropriate for men, women, and non-binary individuals.
Political Beliefs
The specific thoughts or ideas an individual holds regarding political ideologies, policies, and systems.
Religious Freedom
The right to practice any religion or none at all, without government interference or discrimination, a principle protected in many democratic societies.
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