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10. . Most markets have many buyers and sellers, each making plans independently. Therefore, markets the exchange between buyers and sellers. The decrease in demand
10. . Most markets have many buyers and sellers, each making plans independently. Therefore, markets the exchange between buyers and sellers. The decrease in demand for a good that results from the decrease in consumer incomes is shown as a shi in the entire demand curve to the . If people the price of a particular good to rise relative to the prices of other goods, they will step up their rate of purchase before the change takes place. . Other things being equal, a{n} in demand will reduce market price and quantity . When the quantity supplied exceeds the quantity demanded, there is an excess quantity supplied, or a[n) When the government legally sets the price below the equilibrium price, the quantity demanded exceeds the quantity supplied creating a prolonged in the market. Firms that employ more technology in the production of output will decrease production cost and shift the supply curve to the An increase in input costs tends to reduce the supply and the supply curve to the le. Other things being, equal a decrease in supply will market price. Other things being equal, a change in supply would cause a{n) along the demand curve
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