Solved

When There Is a Surplus of a Product in a Market

Question 139

Multiple Choice

When there is a surplus of a product in a market the:


A) price will rise.
B) price must be above the equilibrium price.
C) producers will expand output and sales will rise.
D) price must be below the equilibrium price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q134: A technological improvement in the production of

Q135: There is a technological advance in the

Q136: If there is a surplus in the

Q137: "Because of unseasonable cold weather, much of

Q138: A shift occurs in the supply curve

Q140: A surplus of wheat:
A) is impossible if

Q141:   ​ -In Exhibit</p></div><svg width=

Q142:   ​ -In Exhibit</p></div><svg width=

Q144: Exhibit 3-6 Milk market

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents