hen 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 orwhen t

Question

Zina [86]

3 years ago

12

hen 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 orwhen t

here is a shortage

Business

1 answer:

ch4aika [34] · Answer 1 · 2022-10-03T16:30:02+03:00

ch4aika [34]3 years ago

5 0

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.