Ask Question
BusinessBusiness
31 May, 00:50

A surplus exists in a market if

+1
Answers (1)
  1. 31 May, 01:01
    0
    A surplus exists in a market if the supply happens to be excessive

    Explanation:

    In a situation where there is surplus, this shows that the quantity supplied is more than the quantity demanded which would allow to incur low sales hence; there would be reduction in price in order to avert such and increase the demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A surplus exists in a market if ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
During the current year, Ethan performs personal services as follows: 800 hours in his information technology consulting practice, 625 hours in a real estate development business, and 510 hours in a condominium leasing operation.
Answers (1)
Deliberate practice is used by elite public speakers to
Answers (1)
Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest.
Answers (1)
Acquiring an existing firm operating in a foreign country rather than undertaking internal development may be the least risky and cost-efficient means of overcoming entry barriers such as:
Answers (1)
There is no relationship between the level of education received and lifetime earnings. TRUE FALSE
Answers (1)
New Questions in Business
Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.
Answers (1)
In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630.
Answers (1)
The business judgment rule has been replaced by good faith statutes in most states. True or False
Answers (1)
Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.
Answers (1)
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;
Answers (1)
Home » Business » A surplus exists in a market if
Sign Up Forgot Password?