In competitive markets, a surplus or shortage will
A. cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.
B. cause changes in the quantities demanded and supplied that tend to eliminate the surplus or shortage.
C. never exist because the markets are always at equilibrium.
D. cause changes in the quantities demanded and supplied that tend to intensify the surplus or shortage.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In competitive markets, a surplus or shortage will A. cause shifts in the demand and supply curves that tend to eliminate the surplus or ...” 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.
Home » Business » In competitive markets, a surplus or shortage will A. cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage. B.