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price is not given
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Is $2.50 the price of any ticket you know about?
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A sales person sets a starting price of a new car that the buyer thinks is slightly too high. What type of price might the buyer
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C. An offer price
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A sales person sets a starting price of a new car that the buyer thinks is slightly too high. What type of price might the buyer
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C. An offer price
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A buyer and seller agree upon the price of an item. What type of price is this known as?
A. Bid price B. Spot price C. Bid price
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D. Market price
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In some cases, companies may band together to artificially set a price, using a practice known as what? (1 point) Responses
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price fixing
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In some cases, companies may band together to artificially set a price, using a practice known as what?
(1 point) Responses price
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what does a relative price compare?
the price of one good or service compared to another similare one the price that a seller
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A relative price compares the price that buyers pay for a good or service compared to the price that
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What is achieved when supply meets demand?
(1 point) Responses relative price relative price market price market price
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The correct answer is equilibrium price. When supply meets demand, it results in an equilibrium
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The initial price of an engine was $450. To increase sales, the price was decreased by 12%. When it was realized that this new
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450 * 0.12 = 54 450 - 54 = 396 396 * .1 = 39.6 396 + 39.6 = $435.60
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What is achieved when supply meets demand?
(1 point) Responses relative price relative price market price market price
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equilibrium quantity
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What is achieved when supply meets demand?(1 point)
Responses quantity price quantity price equilibrium price equilibrium price
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equilibrium price
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