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11-09-2017
Advanced Placement (AP)

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The market price of a good, service or resource rests at equilibrium when

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13-09-2017

Demand, Supply, and Market Equilibrium. ... a change in the quantity demanded of a product that results from the change in real ... in the product's price; (2) the effect of a change in theprice of a resource on the ... a good or service whose consumption declines as income rises, pricesheld constant.

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