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15 January, 05:48

Question 5

Industry is the supply side of the market.

A) True

B) False

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Answers (1)
  1. 15 January, 07:09
    0
    A) True

    Explanation:

    A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market.
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