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Explain why prices are always flexbile

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Reference no: EM132628981

Question: You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work.

1. Explain the law of demand to a recent purchase that you have had to make.

2. Explain why prices are always flexbile.

3. Analyze the role of the government when determining prices in markets.

4. Identify one determinant of demand that has influenced the price that you have recently purchased and how it influenced markets.

5. Identify one determinant of supply that has influenced the price that you have recently purchased and how it influenced markets.

Reference no: EM132628981

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