A core fundamental of an open, economic environment, the Law of Supply and Demand, refers to the ability of the market, independent of external influences, to determine the:
A. amount of product or service that will be bought or sold
B. price for which a product or service will be bought and sold
C. amount of product or service that will be produced
D. speed at which a product or service will be bought or sold
E. relative stability of demand for a product or service
Ans: B. price for which a product or service will be bought and sold
Business
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How many months in a year must seasonal employees work to qualify for protection under the FLSA overtime and minimum wage provisions?
A) 4 B) 7 C) 11 D) 12
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