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kianakilbourn8
kianakilbourn8
03.03.2022 • 
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Modeling a Business: Mastery Test
4
Select all the correct answers.
Which three statements are true as they relate to supply and demand?
As supply rises, prices generally decrease.
As demand decreases, costs generally increase.
O O O O O
As supply decreases, prices increase.
The average rate of change describes how much a quantity changes as price increases.
As demand rises, the price of the product decreases.
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