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Economics Study Guide: Mock Test 22
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The price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price is known as
When we give up some product or service to get something we desire is known as
A tax system that imposes small dead weight loss and also little of administrative burdens is known as
The concept that relates with the prices of exports of a country relative to the prices of its imports is calls as
When a country produces more exports and buys more imports will causes the offer curves to
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