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20 January, 19:35

When a surplus exists in a market, sellers

a. raise price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.

b. lower price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.

c. raise price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.

d. lower price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated?

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Answers (2)
  1. 20 January, 21:56
    0
    d

    Explanation: i just took the test.
  2. 20 January, 22:38
    0
    Letter D I believe ...
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