Multiple Choice
In free and competitive markets, surpluses are eliminated by
A) price decreases.
B) price increases.
C) government purchases.
D) government price controls.
E) black markets.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q83: <span class="ql-formula" data-value="\text { Demand and Supply
Q84: The long- run elasticity of supply of
Q85: In the short run, the supply of
Q86: The short- run supply for housing is
Q87: Consider a market that is in equilibrium
Q89: Each point on a supply curve shows
Q90: Consider the following demand and supply
Q91: In competitive markets, price floors and price
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 5- 3
Q93: An excess demand for some product is