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When There Is a Surplus in a Market,prices Are Likely

Question 66

Multiple Choice

When there is a surplus in a market,prices are likely to fall because:


A) Buyers do not wish to buy as much as sellers want to sell.
B) Some buyers will offer to pay a higher price,initiating a move up the supply curve.
C) Sellers are likely to increase their production.
D) Buyers will wait for the government to establish a price floor.

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