CHAPTER 4 T H E M A R K E T F O R C E S O F S U P P LY A N D D E M A N D 89
"Two dollars." "--and seventy-five cents."
Summary
N Economists use the model of supply and demand price,
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to analyze competitive markets. In a competitive supplied.
market,
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of whom has little or no influence on the market markets toward their equilibrium. When the market
price. price is above the equilibrium price,
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