When there is a surplus, sellers have an incentive to ______ their price and buyers have an incentive to offer a ______ price.
A) increase; lower
B) decrease; lower
C) increase; higher
D) decrease; higher
Correct Answer:
Verified
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Q42: Use the following to answer questions:
Figure: Price
Q43: Use the following to answer questions:
Figure: Demand
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Figure: Price
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