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What happens to a market in equilibrium when there is an increase in supply? A. Excess supply means that producers will make less of the good. B. Quantity demanded will exceed quantity supplied, so the price will drop. C. Quantity supplied will exceed quantity demanded, so the price will drop. D. Undersupply means that the good will become very expensive.
Weegy: B. Quantity demanded will exceed quantity supplied, so the price will drop is the answer (More)
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All Categories|No Subcategories|Expert Answered
Updated 12/28/2011 10:28:24 AM
1 Answer/Comment
C. Quantity supplied will exceed quantity demanded, so the price will drop. This is what happens when there is an increase in supply.
Added 12/28/2011 10:28:24 AM
Why do fads often lead to shortages, at least in the short term? A. Buyers and sellers are unable to agree on a price for the good. B. Laws prevent stores from responding to excess demand in time to prevent a shortage. C. Manufacturers charge extremely high prices for the goods that stores are unwilling to pay. D. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to ...
Weegy: The answer is D. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to increase to reach a new equilibrium point . Hope this helps. (More)
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Business and Money|No Subcategories|Expert Answered
Asked 12/28/2011 9:04:04 AM
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Why did Communist governments use a command economic system for many years? A. as a way to avoid the expense and difficulties of a free market B. in an attempt to create a society in which everyone was equal C. to limit the costs of production of many goods D. as a method of keeping the consumer from getting what he or she wanted
Weegy: Communist governments use a command economic system for many years D. as a method of keeping the consumer from getting what he or she wanted . (More)
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Business and Money|No Subcategories|Expert Answered
Asked 12/28/2011 9:45:24 AM
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