In a Competitive Market, If There Should Be a Surplus

question 25

Multiple Choice

In a competitive market, if there should be a surplus of a product at a given price:

• A) sellers will drive the price down.
• B) sellers will drive the price up.
• C) buyers will drive the price up.
• D) the price will tend to remain constant.

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Definitions:

Horizontal Analysis

A financial analysis method that compares historical financial data over a series of periods to identify trends and growth patterns.

Increase Or Decrease

Terms that refer to the change in size, amount, or number of something, often used to describe financial and numerical data fluctuations.

Income Statement

This is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Comparative Form

A grammatical construction used in many languages to compare two items or states, often formed by modifying adjectives or adverbs.