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Question: are predictions using the supplyanddemand model likely to be reliable...

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Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? Predictions using the supply-and-demand model for the apple market are likely A. not reliable because consumers have full information about apple prices. B. reliable because apple farmers sell differentiated products. C. reliable because the market for apples has many farmers and consumers. D. not reliable because apples have no transaction costs E. not reliable because the cost of trading apples is low. Predictions using the supply-and-demand model for convenience stores are likely 0 A. not reliable because it is difficult to find convenience stores. O B. not reliable because each convenience store comprises a large share of the market O C. reliable because convenience stores have only a few competitors and consumers O D. reliable because convenience stores sell identical products. O E. not reliable because consumers have limited information about convenience store prices Predictions using the supply-and-demand model for electronic games are likely
Predictions using the supply-and-demand model for electronic games are likely O A. not reliable because electronic games are a differentiated product O B. reliable because electronic games have many consumers. O C. not reliable because suppliers of electronic games have litte information about production costs 0 D. reliable because it is time-consuming and difficult to find a seller of electronic games. O E. reliable because the market for electronic games have many competitors Predictions using the supply-and-demand model for used cars are likely A. reliable because used cars have many sellers. o B. not reliable because consumers know less than suppliers about used car quality O C. reliable because used cars have few buyers O D. not reliable because it is difficult to tfind buyers and sellers of used cars OE. reliable because the used car market is competitive Click to select your answer.
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