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

1 answer:

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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.

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monitta

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The Answer Too "What was England’s biggest issue following the French and Indian War? and How did the colonists react to the Proclamation Act of 1763?" Is:

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The colonists reacted by: First, they protested it, not nearly as they would protest future British policies. Second, they tried to ignore it.

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