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Questions and Answers
What are the three magic words for many economists?
What are the three magic words for many economists?
supply, demand, price
What determines the price of a good or service in a market?
What determines the price of a good or service in a market?
supply and demand
What are supply and demand determined by?
What are supply and demand determined by?
technology and the conditions under which people operate
What are the two extremes of a market?
What are the two extremes of a market?
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What is the link between supply and demand and the French Revolution, successful relationships, and the U.S. Declaration of Independence?
What is the link between supply and demand and the French Revolution, successful relationships, and the U.S. Declaration of Independence?
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