The price system is based on _______. a) government regulation (i.e., the government sets most prices) b)

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The price system is based on _______.

a) government regulation (i.e., the government sets most prices)

b) the individual whim of the businessperson who sets it

c) the feelings of the individual buyer

d) supply and demand

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 28, 2024 02:02 AM

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The price system is based on _______. a) government regulation (i.e., the government sets most prices) b)

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Microeconomics

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