9. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers b. sellers both buyers and sellers. C. None of the above is correct. d.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 5CQQ
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9.
In a competitive market, the quantity of a product produced and the price of the product are
determined by
a. buyers
b. sellers
both buyers and sellers.
C.
None of the above is correct.
d.
Transcribed Image Text:9. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers b. sellers both buyers and sellers. C. None of the above is correct. d.
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