When the absolute demand for the commodity exceeds

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Evaluate the accuracy of the statement below. Say whether the statement is true, false, or uncertain, and support your answer using concepts discussed in class (only the explanation will be graded and not the T/F choice). If needed, you may do some additional research on these topics. 1. A commodity's market price exceeds its natural price only when the absolute demand for this commodity exceeds its supply.

Reference no: EM13219533

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