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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?

PLEASE HELPP!!

1 Answer

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Answer:

The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.

User Pankaj Sejwal
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