ECO 100 week 2 quiz 1 - 1 If a competitive market operates perfectly it relies on A the laws of supply and demand Your answer is correct 2 The Law of

ECO 100 week 2 quiz 1 - 1 If a competitive market operates...

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1.If a competitive market operates perfectly, it relies on Your answer is correct. 2.The Law of Demand can be explained as 3.A change in quantity supplied of a product is the result of a change in 4.The Law of Supply states that 5.What happens if the price of a product is below the equilibrium price?
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