A market

a. may be an organized exchange.
b. refers to a set of sellers and buyers whose actions affect a commodity's price.
c. is that area in which buyers and sellers compete to affect a product price.
d. All of the above are correct.


d

Economics

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Over the long run, the supply curve becomes

a. unit elastic. b. more elastic. c. inelastic. d. negative.

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What is economic value of an exchange?

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Why do businesses incorporate, and why do investors buy stocks?

What will be an ideal response?

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