When a surplus exists in a market, sellers
a. raise price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.
b. lower price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
c. raise price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
d. lower price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated?
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a surplus exists in a market, sellers a. raise price, which decreases quantity demanded and increases quantity supplied, until the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Name the agency that is responsible for tracking changes in the composition of the u. s. labor force and forecasting employment trends.
Answers (1)
Explain what a slope of. 5 would mean if you were measuring the relationship between consumer spending and income, where the dependent variable is consumer spending and the independent variable is income?
Answers (1)
You are part of a sales group that has been asked to give you a presentation. Before you begin, what should you and your group do? A. Ask if you have to give a slide presentation B. Figure out who is the best public speaker. C.
Answers (2)
A standard "money demand" function used by macroeconomists has the form ln () = + ln () + m β, 0 β1 GDP β2R Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate
Answers (1)
What is a reputation system? Multiple Choice a. an online marketing concept in which the advertiser attempts to gain attention by providing content in the context of the user's experience in terms of its content, format, style, or placement b.
Answers (1)
New Questions in Business
Jones Company has notes receivable that have a fair value of $950,000 and a carrying amount of $1,250,000. Jones decides on December 31, 2017, to use the fair value option for these recently-acquired receivables.
Answers (1)
An analyst, using a random sample of n = 500 families, obtained a 90% confidence interval for mean monthly family income for a large population: ($2700, $3300).
Answers (1)
ArmiLiza, a popular United States-based brand of handbags, has built a second factory in Mexico. The majority of the new factory's employees are Mexican citizens or Honduran immigrants.
Answers (1)
A treasury___is issued by the US government, and is considered very safe. The options are: A. bond B. Mutual fund C. Stock
Answers (2)
Fast Auditors prepared audited financial statements for Mega Company's registration statement in compliance with the 1933 Securities Act. John bought stock in Mega Company.
Answers (1)