If There Is a Surplus of a Good, Sellers Will

question 26

Multiple Choice

If there is a surplus of a good, sellers will:

• A) lower the price in order to increase quantity demanded.
• B) raise the price in order to decrease quantity demanded.
• C) compete with buyers.
• D) know that the buyers overvalue the good.

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Definitions:

Throughput

The rate at which a system generates its products or services over a given period of time.

Facility

A physical or virtual location where business operations occur, such as a factory, warehouse, office, or even software platforms.

Period of Time

A length or duration of moments which is measured in terms of seconds, minutes, hours, days, months, or years.