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Are the world's wealthiest nations obligated to aid in the economic development of poor nations? The law of supply and demand relies on the assumption
- Are the world's wealthiest nations obligated to aid in the economic development of poor nations?
- The law of supply and demand relies on the assumption of 'ceteris paribus'. To what extent does this exist in real life?
- Explain why the following statement is false: "In the goods market, no buyer would be willing to pay more than the equilibrium price."
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