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The basic economic principle in which price is determined by how much consumers want a given product relative to its availability is known as __________.
The basic economic principle in which price is determined by how much consumers want a given product relative to its availability is known as __________. Question 26 options: a) the efficiency principle b) the circular-flow model c) supply and demand d) the factors of production balance
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
