The Following Question Are Based on the Following Diagram

Q40: In a free market,actual price will<br>A) remain

Q41: A group of firms and individuals in

Q42: Increases in demand are caused by<br>A) decreases

Q43: In general,supply curves slope upward to the

Q44: In perfectly competitive markets,prices are<br>A) set by

Q46: In the mid-1980s buyers demanded 2.7 million

Q47: The following question are based on the

Q48: A major social and economic institution that

Q49: A local farmer says that he can

Q50: If actual price is above equilibrium price<br>A)