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sinerus sinerus
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6 years ago
Toby sells wheat in a perfectly competitive market. This month Toby receives a lower price for a bushel of wheat than he did last month. Which of the following might explain this?
A) The market demand for wheat decreased.
B) Toby's costs have increased.
C) Firms exited the market.
D) The market demand for wheat increased.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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