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In a market economy, who or what determines who produces each good and how much is produced?
A、A、the government
B、B、 lawyers
C、C、 lotteries
D、D、 prices
A、A、the government
B、B、 lawyers
C、C、 lotteries
D、D、 prices
A、just for fun
B、for peace and quiet
C、for the convenient traffic
D、to appreciate the local culture
A、Routine e-mail messages
B、Routine memos
C、Long reports and complex business problems
D、All of these choices would require formal research.
A、A、supply is said to be elastic.
B、B、supply is said to be inelastic.
C、C、an increase in price will not shift the supply curve very much.
D、D、even a large decrease in demand will change the equilibrium price only slightly.
A、A、time horizon.
B、B、income of consumers.
C、C、price elasticity of demand.
D、D、importance of the good in a consumer’s budget.
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