In a competitive market, the quantity of a product produced and the price of the product are determined by
a. a single buyer.
b. a single seller.
c. one buyer and one seller working together.
d. all buyers and all sellers.
d
Economics
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Name a supply shock that has affected the U.S. economy on more than one occasion
What will be an ideal response?
Economics
A voluntary export restraint is an agreement negotiated by two countries that places ________ that can be imported by one country from another country
A) a tax on goods B) a minimum quantity of a good C) a numerical limit on the quantity of a good D) quality standards on goods
Economics