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Chapter 3 - Supply and Demand

1

When supply rises and demand remains unchanged, equilibrium price will and equilibrium quantity will .
2

When demand rises and supply remains unchanged, equilibrium price will and equilibrium quantity will .
3

Laws that set maximum legal interest rates are called .
4

How much you pay for concert tickets, Happy Meals, and motel rooms is determined by .
5

When there is a shortage, quantity demanded is than quantity supplied.







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