A Surplus of a Good Could Possibly Be Eliminated By

question 121

Multiple Choice

A surplus of a good could possibly be eliminated by:

• A) the removal of a price floor.
• B) the removal of a price ceiling.
• C) a sufficient decrease in demand keeping price constant.
• D) a sufficient increase in supply keeping price constant.

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Definitions:

Disclosure

The action of making new or secret information known.

Advertising

A form of communication intended to persuade an audience to purchase or take some action upon products, ideals, or services.

Produce Awareness

The act of creating or increasing knowledge, consciousness, or understanding of a particular issue or set of issues.

Demand Creation

A marketing strategy aimed at generating new desire or interest in a product or service, rather than catering to existing demand.