Question 1Sweden and Norway would best be described as __________ countries.A. CapitalistB. FascistC. CommunistD. SocialistQuestion 2At equilibrium quantity demanded __________ equals quantity supplied.A. alwaysB. usuallyC. sometimesD. neverQuestion 13When the market price is higher than the equilibrium price there is:A. a surplus.B. a shortage.C. both a shortage and a surplus.D. neither a shortage nor a surplus.Question 4A decrease in demand means that quantity demanded falls:A. at least one price.B. at a few prices.C. at most prices.D. at all prices.
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