Multiple Choice
A surplus exists in the market for Barbie dolls at the prevailing price. What will eliminate the surplus?
A) A price decrease, decreasing the quantity supplied and increasing the quantity demanded.
B) A price decrease, decreasing the supply and increasing the demand.
C) A price increase, decreasing the supply and increasing the demand.
D) A price decrease, increasing the quantity supplied and increasing the quantity demanded.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Which of the following statements describes equilibrium
Q70: If both the supply and demand curves
Q71: The diagram below represents the market for
Q72: A March 2009 article in the Zimbabwe
Q73: If the market for peaches is in
Q75: If Canadian consumers decided to boycott grapes
Q76: What could explain an increase in the
Q77: In 1975, a pocket calculator cost more
Q78: Coca-Cola bottlers increased their prices as the
Q79: Wool and cotton can both be used