When there is an excess supply of a product in an unregulated market, the tendency is for

Name: When there is an excess supply of a product in an unregulated market, the tendency is for
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there is an excess supply of a product in an unregulated market, the tendency is for the price to decrease. This is because sellers will lower prices to clear the excess inventory, making the product more attractive to buyers and helping to restore market equilibrium.

When There Is an Excess Supply of a Product in an Unregulated