Business, 10.09.2021 20:30, chamillelynn
A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off
significantly in the following months. A surplus of dolls now lines the shelves of retailers across the country. In the absence of
government intervention, what is likely to occur? (1 point)
The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls
supplied to the market.
The high price brought about by an increase in demand will incentivize producers to increase the quantity of dolls
supplied to the market.
The high price brought about by an increase in demand will incentivize producers to decrease the quantity of dolls
supplied to the market.
The low price brought about by a decrease in demand will incentivize producers to increase the quantity of dolls
supplied to the market.
Answers: 2
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A set of collectible dolls was very popular during the holiday season, but, as is the case with many...
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