When the supply of a commodity exceeds the demand, prices generally rise. True False

1 answer:

4 0

It is false that prices rise when supply of a commodity exceed demand. It is a basic rule of supply and demand that when there is more demand for a product or commodity then there is supply the prices will rise, and vice versa. In other words, when there is more of something than people want, the price will fall, and when there is less of something than people want, the price goes higher.

You might be interested in

Very important someone help me ‼️‼️‼️‼️

stepan [7]

The media's influence on public opinion is manifested (obvious) by which of the following.

E.Both the first and second choices.(The ways in which the media neglects political scandals can make people apathetic about politics.and The ways in which the media reports political events help shape individuals underlying beliefs.)

4 0

3 years ago

President Wilson's 14 point peace plan based on democracy, self-determination and collective security was rejected at the Paris

wlad13 [49]

The correct answer is D) revenge.

President Wilson's 14 point peace plan based on democracy, self-determination, and collective security was rejected at the Paris Peace Conference because Europe wanted revenge.

United States President Woodrow Wilson believed that the implementation of its “14 points” would make the world safe for democracy.

When President Woodrow Wilson addressed the Congres of the United States on January 18, 1918, he elaborated 14 points with his ideas after the conclusion of World War I.

However, allied powers such as France and Great Britain did not really want a long-lasting peace in Europe. These countries wanted revenge and force Germany to pay for war reparations. France and England accused Germany of all the pain and destruction created during the war.

4 0

3 years ago

I need help, please look at picture

Sholpan [36]

Answer:

The third option

Explanation:

6 0

3 years ago

Read 2 more answers

How did marcus garvey most impact african americans in the early 1900s?

Nataly [62]

Answer:

when making ethical decisions on behalf employer, should you the impact on others outside your employer.

6 0

3 years ago

The phrase "communism with a capitalist facelift" refers to economic reforms attempted by

Simora [160]

Hungarian leader Janos Kadar.

The "New Economic Mechanism" was the official name of his policy, begun in 1968, which was sometimes called "Goulash Communism" because of its mixture of communist and free market principles.

Kadar came to power in Hungary in 1956 and remained General Secretary of the Communist Workers Party in Hungary until 1988.

6 0

3 years ago