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Suppose that demand for a product falls, but prices are sticky. What is likely to happen to prices and output in that market, in the short run?
Harshly
In a manner that is severe, cruel, or excessively critical, often resulting in discomfort or resentment.
Kindness and Love
Human qualities that involve being friendly, generous, and considerate, along with deep affection and care for others.
Merchant Class
A social class comprised of individuals engaged in commerce, indicating their role and status in economic exchanges and society.
Artisan Class
A social group comprised of skilled craft workers who produce goods or services with a high degree of manual expertise and creativity, historically significant before the industrialization.
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