When There Is an Excess Supply of a Good,there Is

question 76

Multiple Choice

When there is an excess supply of a good,there is a(n) :

• A)downward pressure on price because firms hold out for the best price they can get.
• B)downward pressure on price because firms accumulate unwanted inventories.
• C)upward pressure on price because firms hold out for the best price they can get.
• D)upward pressure on price because firms accumulate unwanted inventories.

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Definitions:

Speaking

The act or process of conveying thoughts, opinions, or information verbally.

Listening

The act of actively and attentively receiving information, sounds, or messages from others, often highlighted as a crucial skill in effective communication.

Role Reversal

A technique used in negotiations or conflict resolution where parties switch roles to understand the other's perspective better.

Communication

The process of conveying information and ideas from one individual or group to another through various modalities.