1.price boom, C. a good period for sellers, when prices are rising quickly, 2. price controls, F. government efforts to limit price increases, 3. price cut, A. a reduction in price, 4. price hike, G. an increase in price, 5. price war, E. when competing companies reduce prices in response to each other, 6. price leader, D. a company that is first to reduce or increase prices, 7. price tag, B. label attached to goods, showing the price

Exercise 1-Unit 20

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