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Answer to Question #57629 in Other Economics for Parker

Question #57629
When there is excess supply...
A) prices will tend to rise
B) prises will tend to fall
C)demand will rise
D)the government will impose price ceilings ?
Expert's answer
When there is excess supply, there is a surplus, so to sell this excess goods the suppliers will decrease prices, so the prices will tend to fall. So, the right answer is B) prices will tend to fall.

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