When there is an excess quantity of a product supplied, there will be
A) a tendency for price of the product to increase.
B) a tendency for price of the product to fall.
C) incentives for consumers to leave the market.
D) upward pressure on the price of labor.
Correct Answer:
Verified
Q391: Suppose a change takes place and the
Q392: Which of the following is TRUE of
Q393: Q394: Equilibrium in a market occurs when Q395: Market clearing price Q397: A shortage will occur when Q398: A market requires Q399: When there is a shortage I. there Q400: If there is a shortage in a Q401: 
A) demand
A) refers to a movement
A) the price
A) sellers only.
B) buyers and
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