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:

Relation

A connection or association between things or concepts.

Affect Intensity

The measure of how strongly individuals experience their emotions, with some people feeling emotions deeply and vividly while others experience them more mildly.

Emotional Highs

Intense feelings of happiness, elation, or euphoria, often of short duration and sometimes followed by corresponding lows.

Emotional Lows

Periods or moments of significant sadness, despair, or discouragement, often contrasted with periods of high morale or happiness.