How is information conveyed from one individual participant to another in a market system?
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Q31: At any given market price, a consumer
A)will
Q32: Besides processing information, an economic system must
Q33: The function of price in a market
Q34: Pareto efficiency is achieved when
A)no one feels
Q35: If the price of a good increases,
Q37: A surplus
A)can never occur in a market
Q38: What do all individuals seek to maximize,
Q39: A shortage or a surplus always exists
Q40: All of the following are conditions of
Q41: Exhibit 7-1 
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