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  • 15-02-2024
  • Business
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Even when the demand for one good is high, the price of the good is also affected by supply. The textbook illustrates this by comparing the price of two items that were auctioned on the same day. How does supply affect the price of a good?
A. It has no impact
B. It increases the price
C. It decreases the price
D. It depends on other factors

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