when a store has a sale, it cuts the prices on the goods it sells. is that more likely to happen when there is a surplus or when

Question

anastassius [24]

3 years ago

10

when a store has a sale, it cuts the prices on the goods it sells. is that more likely to happen when there is a surplus or when

there is a shortage? explain (optional but i need it)

History

1 answer:

Snezhnost [94] · Answer 1 · 2021-11-22T10:25:59+03:00

Snezhnost [94]3 years ago

8 0

Answer:

When there is a surplus. Obviously the producer/seller has more of the item than the consumer/buyers want or need. Therefore, they (producers) are reducing the price to unload the item. A surplus tends to cause prices to fall.

Explanation: