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8 pts Question 35 Every economy has to answer three questions: 1. What to produce? 2. How to produce? 3. For whom to produce? I

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8 pts Question 35 Every economy has to answer three questions: 1. What to produce? 2. How to produce? 3. For whom to produce? I stated in class that for the U.S. answers to these questions come through the "pricing system." (All answers are a statement about the market price, and the quantity demanded and the quantity supplied in the market.) a.) (3-points) Describe the answers to these three questions, see the parenthesis, by stating how a surplus in production is solved. b.) (3-points) Describe the answers to these three questions, see the parenthesis, by stating how a shortage is solved. c.) (2-points) Describe the answers to these three questions, see the parenthesis, by stating what an equilibrium means. Edit View Insert Format Tools Table 12pt Paragraph

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