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Equilibrium price is determined by the collective behavior of many buyers and sellers acting out their own demand or supply schedule. Adam Smith's characterization of
Equilibrium price is determined by the collective behavior of many buyers and sellers acting out their own demand or supply schedule. Adam Smith's characterization of the market mechanism is known as: Multiple choice question. a monopoly the market supply the invisible hand the market demand
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
