-What Happens as the Result of a Surplus

question 297

Multiple Choice

-What happens as the result of a surplus?

• A) There is downward pressure on prices.
• B) There is upward pressure on prices.
• C) Consumers begin to view the good as an inferior good because it is too commonplace.
• D) Demand for the good increases.

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Definitions:

Pharmaceutical Companies

Pharmaceutical companies are businesses involved in the research, development, production, and marketing of medications and drugs for the diagnosis, treatment, and prevention of diseases.

Lay Groups

Non-expert groups or communities engaged in activities or discourse on specific subjects, often without professional training.

Universal Moral Laws

Principles that are considered to apply universally and are fundamental to ethical decision-making across different cultures and situations.

Deviant

An individual or behavior that deviates from societal norms, often viewed negatively.