Imagine the market for cars is unregulated. That is, car prices are free to adjust based on
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Imagine the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand. If a shortage exists in the car market, then the current price must be than the equilibrium price. For the market to reach equilibrium, you would expect .
Related Book For
Services Marketing Concepts, Strategies, & Cases
ISBN: 978-1439039397
4th edition
Authors: Douglas Hoffman, john Bateson
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