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How do price adjustments eliminate a surplus?

Tragamin

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How do price adjustments eliminate a surplus?

How do price adjustments eliminate a surplus?
A) As price rises, quantity demanded decreases and quantity supplied increases.
B) As price rises, quantity demanded increases and quantity supplied decreases.
C) As price falls, quantity demanded decreases and quantity supplied increases.
D) As price falls, quantity demanded increases and quantity supplied decreases.
E) None of the above are true.

Textbook

Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

Read 82 times

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