How do retailers react to a surplus?

Name: How do retailers react to a surplus?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there is a surplus, there is an excess of goods available in the market. This increases competition among sellers, as there are more options for buyers to choose from. To attract customers, retailers may reduce their prices to make their products more attractive and sell them faster. This is why competition forces sellers to reduce their prices when there is a surplus.

How Do Retailers React to a Surplus