8 multiple choice 10 points in the case of a surplus, what will happen in order for equilibrium to be…
8 multiple choice 10 points in the case of a surplus, what will happen in order for equilibrium to be achieved? the price will increase the price will decrease demand will decrease supply will increase
Answer
Brief Explanations:
In a market with a surplus, there is more supply than demand at the current price. Sellers will lower the price to attract more buyers and clear the excess inventory, moving the market towards equilibrium.
Answer:
The price will decrease