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:

Sending

The act of transmitting information or messages from one person or entity to another.

Receiving

Receiving in communication refers to the process by which an individual perceives and interprets information from a sender.

Self-worth

Self-worth is the value a person assigns to themselves, based on their own beliefs and perceptions about their worthiness and competence.

Defensiveness

Refers to a behavior aimed at protecting oneself from criticism, harm, or other negative outcomes, often manifesting through excuses, justifications, or counterattacks.