Bedazzled headbands have become a very popular item with children in the past year. The market is flooded with them. What is most likely to happen as a result?
A) The government will begin regulating the price for headbands.
B) Buyers will want to pay less for the headbands.
C) The headbands will quickly reach an equilibrium price.
D) Sellers will begin charging more for the headbands.
E) The headbands will quickly become scarce.
Correct Answer:
Verified
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