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When used in a professional or technical sense, the law of supply and demand refers to a. the controls that regulate the amount of scarce
When used in a professional or technical sense, the law of supply and demand refers to
a.
the controls that regulate the amount of scarce goods that each consumer can purchase.
b.
some vague influences on economic affairs.
c.
the market forces that show how prices and quantities are determined.
d.
the fact that prices go up when commodities are scarce.
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