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Macroeconomics
Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.
Supply and Demand
Introduction to Supply and Demand
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1
concept
Introduction to Supply and Demand
7m
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2
Problem
Which of the following goods would most likely be sold in a perfectly competitive market?
A
Luxury cars
B
Wheat
C
Laptop Computers
D
Pizza
3
Problem
Products sold in a perfectly competitive market are
A
Homogenous
B
Heterogeneous
C
Efficient
D
Inefficient
E
Both (a) and (c)
4
Problem
The Latin phrase ceteris paribus means:
A
All things are known to change
B
Other things change equally
C
All things at equilibrium
D
Other things being equal