Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
That's a statement.
If its T/F, That is true <span />
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Answer:C. horizontal merger
Explanation: Horizontal merger is a type of merging of business,it consists of mergers between firms producing similar products and services,it is aimed at increasing the market share and value of the firm buying the other firm. This type of merger helps to make the firm making the purchase have a strong competitive advantage to enable to effectively compete with other firms in the market.
