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    Macroeconomics Study Set 20
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    Exam 3: Supply and Demand: Theory
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    Explain Why the Price of a Good Tends to Fall
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Explain Why the Price of a Good Tends to Fall

Question 37

Question 37

Essay

Explain why the price of a good tends to fall when there is a surplus of the good.Give a hypothetical numerical example to help support your answer.

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Surpluses always occur at prices that ar...

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