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Complete the followingstatement: When there is a shortage of a good A. producers react to shortages by lowering prices. B. consumers compete against one another
Complete the followingstatement:
"When there is a shortage of a good
A. producers react to shortages by lowering prices.
B. consumers compete against one another by bidding the price upward.
C. as pricesincrease, producers are driven to produce less.
D. decreasing prices lead to a change in demand.
E. as pricesincrease, consumer demand more of a particular good.
The process continues until the market is finally inequilibrium."
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