Business, 26.02.2020 01:02, cxttiemsp021
In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:
A. an increasing shift in the demand for the product.
B. a decreasing shift in the supply of the product.
C. an increase in the market price of the product.
D. a decrease in the market price of the product.
Answers: 1
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In the short-run, if there is a surplus in the market for a product, the rationing function of price...
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