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If businesses are decreasing production and lowering their prices, what situation is being eliminated in the market for that good? A surplus O Scarcity OA shortage OA dysfunctional coordinating mechanism
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21 votes
21 votes
If businesses are decreasing production and lowering their prices, what situation is being eliminated in the market for that good?

A surplus
O Scarcity
OA shortage
OA dysfunctional coordinating mechanism
O Equilibrium

User Heather Miller
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2.8k points

1 Answer

23 votes
23 votes
The answer is A. Surplus
User Gavrie
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2.6k points
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