Multiple Choice
When there is an excess quantity supplied in the market
A) the price of the product will increase, causing a decrease in demand and an increase in supply.
B) the price of the product will increase, causing a decrease in quantity demanded and an increase in supply.
C) the price of the product will decrease, causing an increase in quantity demanded and a decrease in quantity supplied.
D) the price will increase, causing a decrease in demand and an increase in quantity supplied.
Correct Answer:
Verified
Correct Answer:
Verified
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