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What is the normal price? - Economics

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Question

What is the normal price?

Very Short Answer
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Solution

A market’s normal price is determined by allowing demand and supply to adjust themselves.

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Chapter 13: Price Output Under Perfect Competition - TEST QUESTIONS [Page 13.19]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 13 Price Output Under Perfect Competition
TEST QUESTIONS | Q A. 12. | Page 13.19
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