When a Surplus Exists in a Market,sellers

question 1

Multiple Choice

When a surplus exists in a market,sellers

• A)raise price,which increases quantity demanded and decreases quantity supplied,until the surplus is eliminated.
• B)raise price,which decreases quantity demanded and increases quantity supplied,until the surplus is eliminated.
• C)lower price,which increases quantity demanded and decreases quantity supplied,until the surplus is eliminated.
• D)lower price,which decreases quantity demanded and increases quantity supplied,until the surplus is eliminated.

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