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Author Question: The price of a good will fall when: a. there is a shortage of the good. b. there is a surplus of ... (Read 50 times)

Tirant22

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on: Jun 30, 2018
The price of a good will fall when:
 a. there is a shortage of the good. b. there is a surplus of the good.
  c. demand for the good increases. d. the supply of the good decreases.

Question 2

When there is a surplus of a product in a market the:
 a. price will rise.
  b. price must be above the equilibrium price.
  c. producers will expand output and sales will rise.
  d. price must be below the equilibrium price.


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Awesome

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Tirant22

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

connor417

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Reply 3 on: Yesterday
Excellent

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