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A Form of Government in Which a Single Individual-King,queen,or Dictator-Rules

question 36

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A form of government in which a single individual-king,queen,or dictator-rules is known as:


Definitions:

Support Price

A price level set by the government or a regulatory body to ensure that producers receive a minimum price for their products.

Price Elasticities

Measures how responsive the quantity demanded or supplied of a good is to a change in its price, indicating its sensitivity.

Surpluses

The excess of production or supply over demand in the market.

Free Market Equilibrium

A state in an unrestricted market where supply equals demand, and prices stabilize without external interventions.

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