What happens in the product markets
What happens in the product markets?
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a. Households are on the buying side of these markets, purchasing goods and services.
b. Businesses proposes products for sale are on the selling side of these markets
c. Interaction of these buyers and sellers determines the price of each product.
d. Flow of consumer expenditures constitutes sales receipts for businesses.
What happens to the supply curve when each of these determinants changes?
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