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Relative Prices Only Change When Demand and Supply for Individual

question 23

True/False

Relative prices only change when demand and supply for individual goods shift outwards.


Definitions:

Urea

A nitrogen-containing compound produced in the liver as a byproduct of protein metabolism and excreted in urine.

Renal Artery

A blood vessel that supplies oxygen-rich blood to the kidneys for the purpose of filtration and waste removal.

Renal Vein

A blood vessel that carries filtered blood away from the kidney to the inferior vena cava.

Transplant Surgery

A medical procedure where an organ or tissue is moved from one body to another or from one part of the body to another to replace or repair damaged areas.

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