Answer to Question #79332 in Economics of Enterprise for lieketseng

Question

If the price of goods is R5 in a market and price buy plan to purchase 4000 units units weekly and seller plan to sell 5000 unit per week then the price will tent to

Answer 1

If the price of goods is R5 in a market and price buy plan to purchase 4000 units units weekly and seller plan to sell 5000 unit per week then the price will tend to decrease, because there is a surplus of goods.