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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Beginning from the price of $5000, which of the following events would be predicted by the theory of market adjustment?
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a. Some buyers who are willing to pay more will bid the price of cars up.
b. The market will remain in disequilibrium.
c. Prices will fall.
d. All buyers will remain in the market.
e. The supply and demand curves will shift to achieve equilibrium.
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